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Austerity, Fiscal Uncertainty, and Economic Growth: Insights from Fiscally Weak EU Countries
(2014-08-08)
Recent empirical evidence suggests that during the last years fiscally weak European countries significantly cut their R&D budgets in an effort to reduce their deficit, according to the spirit of the Fiscal Compact. We ...
A Quasi Real-Time Leading Indicator for the EU Industrial Production
(2016-01-04)
We build a quasi real-time leading indicator (LI) for the EU industrial production (IP). Differently from previous studies, the technique developed in this paper gives rise to an ex-ante LI that is immune to “overlapping ...
Global Temperature, R&D Expenditure, and Growth
(2017-11-15)
We shed new light on the macroeconomic effects of rising temperatures. In the data, a shock to global temperature dampens expenditures in research and development (R&D). We rationalize this empirical evidence within a ...
The Impact of Monetary Policy Interventions on the Insurance Industry
(2018-03-01)
This paper investigates the effect of the conventional and unconventional (e.g. Quantitative Easing - QE) monetary policy intervention on the insurance industry. We first analyze the impact on the stock performances of 166 ...
EC
The European Commission (EC) is the executive branch of the European Union, responsible for proposing legislation, implementing decisions, upholding the EU treaties and managing the day-to-day business of the EU.
KPMG
With a worldwide presence, KPMG continues to build on our member firms' successes thanks to our clear vision, maintained values, and our people. Through helping other organizations mitigate risks and grasp opportunities, ...
CRU
HadCRUT4 is a global temperature dataset, providing gridded temperature anomalies across the world as well as averages for the hemispheres and the globe as a whole. CRUTEM4 and HadSST3 are the land and ocean components of ...
CCKP
The Climate Change Knowledge Portal (CCKP) provides global data on historical and future climate, vulnerabilities, and impacts. Explore them via Country, Region, and Watershed views. Access synthesized Country Profiles to ...