This study aims at identifying and assessing the safety and proliferation risks that new nuclear energy systems might pose.

Regarding research funding in general, the study finds that lessons learned from FP6 have been only partially reflected in the structure of FP7, but considers the new framework as potentially more conducive to SME involvement. The share of research funding allocated to energy has declined from...

Third party liability has been identified as an issue that could adversely impact the European security industry. Limitless third party liability for security product and services is believed to have the potential to reduce investments in innovation. In the US, the Safety Act (which is further...

The objective of the mid-term review evaluation is to provide an external assessment of the Instrument for Nuclear Safety Cooperation over the period 2014-2017, contributing to lesson-learning and accountability; the focus of the evaluation is on the Instrument, and on whether it is fit for...

Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the United States and Japan, respectively. Our estimation framework allows a distinction to be made between spillover effects originating from one of the three currency areas and...

The aim of this paper is twofold. First, for West Germany, France, Italy and US, we econometrically select within a SVAR model some fiscal policy regimes, i.e. a u0094set of rulesu0094 for the implementation of fiscal policies. Second, we identify the fiscal policy shocks related to different...

There has been much discussion of the differences in macroeconomic performance and prospects between the US, Japan and the euro area. Using Markov-switching techniques, in this paper we identify and compare specifically their major business-cycle features and examine the case for a common...

This paper offers an alternative explanation for the behavior of postwar US inflation by measuring a novel source of monetary policy time-inconsistency due to Cukierman (2002). In the presence of asymmetric preferences, the monetary authorities end up generating a systematic inflation bias...