External publication

Policy lessons from financing innovative firms

There has been increasing concern from policy makers around the world about the lack of access to finance for young innovative firms. As a result, gov

Does money matter in the euro area? Evidence from a new Divisia index

Zsolt Darvas created a a dataset on euro-area Divisia-money aggregates. In this paper, Zsolt estimates theoretically correct responses to money,

Follow what I do, and also what I say: Monetary policy impact on Brazil’s financial markets

The objective of this paper is to assess empirically whether futures interest rates in Brazil react to changes in the SELIC rate and, especially, to

Financial inclusion, rather than size, is the key to tackling income inequality

In this paper we assess empirically whether financial inclusion contributes to reducing income inequalitywhen controlling for other key factors, such

The four unions “PIE” on the Monetary Union “CHERRY”

This paper presents a European Index of Regional Institutional Integration (EURII), which maps developments in European integration from 1958 to 2014

Social impact investment. Building the evidence base

This report provides a framework for assessing the social impact investment market and focuses on the need to build the evidence base. The report high

Analysis of developments in EU capital flows in the global context

This report reviews the key theoretical foundations underlying the benefits and risks of net capital flows, in particular large, persistent inflows or

Austerity and Poverty in the European Union

This study provides to the Committee for Employment and Social Affairs of the European Parliament with an analysis of the speed and composition o

Tax harmonization in Europe: Moving forward

The debate on tax competition opposes those who praise its positive effect on government efficiency, and those who accuse it of distorting public choi

The (not so) Unconventional Monetary Policy of the European Central Bank since 2008

This paper was prepared for the European Parliament's Montary Dialogue with the President of the European Central Bank Mario Draghi. Today, the ECB i

New investment approaches for addressing social and economic challenges

No Industry, no Future?

Can there be a future without industry? Answering this question is not considered as obvious in this Note. Reflection appears to be essential with reg

The Troika and financial assistance in the euro area: successes and failures

This study was presented to the ECON committee of the European Parliament.It provides a systematic evaluation of financial assistance for Greece, Irel

Inflation persistence in central and eastern European countries

This article studies inflation persistence with time-varying coefficient autoregressions for 12 central European countries in comparison with the Unit

Pour une Communauté politique de l'euro

Nous voulons susciter une prise de conscience en France mais aussi lancer un appel qui aille bien au-‐delà. Convaincus que Français et Allemands conse

Policies for seed and early stage finance

This paper highlights the findings from a research project to investigate the role of public support to promote seed and early stage financing, includ