Commodity prices that are increasingly determined on global commodity derivative markets are important for economic and social development. The historically unprecedented commodity price boom - combined with high volatility - since the early-2000s has led to a debate about the functioning of...

The current negotiations on a transatlantic Free-Trade Agreement between the US and the EU (TTIP) have raised substantial public interest. Several studies have highlighted the positive economic effects of TTIP. A new ÖFSE report shows that these claims are overstated and neglect crucial...

Within the framework of the Post-2015 Development Agenda, discussions on Financing for Development and the future of ODA have intensified recently. Amongst the many financial instruments that are potentially under review, are soft loans. Combining tied aid with concessional financing, soft loans...

This report aims to analyse the regional trade effects of Croatia's accession to the EU and simultaneous exit from the CEFTA agreement on 1st July 2013. The Global Simulation Model (GSIM) as proposed by Francois and Hall (2003) is being applied. As the change in Croatian tariff protection is...

The paper explains a curious redirection of economic policies that uses the policy framework of Kalecki and Keynes only to undermine it. It does not negate their theory of demand management, but reformulates it to serve the powerful interests of finance in the era of financial globalisation. As...

The paper explains a curious redirection of economic policies that uses the policy framework of Kalecki and Keynes only to undermine it. It does not negate their theory of demand management, but reformulates it to serve the powerful interests of finance in the era of financial globalisation. As...

This paper focuses on the forecasting process at the Czech National Bank with an emphasis on incorporating expert judgments into forecasts and addressing data uncertainty. At the beginning, the core model and the forecasting process are described and it is presented how data and the underlying...