These country reports from EU Member States constitute the background material for the FRA report on 'The right to interpretation and translation and the right to information in criminal proceedings in the EU'. The information in the country reports is prepared under contract by the FRA’s...

The briefing note provides an overview of the progress made and existing gaps in the field of judicial co-operation in criminal matters. It first reviews perceived difficulties with the pillar structure and examines the amendments that the Reform Treaty - due to be formally adopted at the...

The purpose of the study was to: Analyse the current legal framework in all Member States including the definitions of specific offences relating to firearms trafficking, the sanctions, the liability of legal and natural persons and the notions of intent, negligence and aggravating or mitigating...

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...

A number of authors have attemted to test whether the U.S. economy is in a determinate or an indeterminate equilibrium. We argue that to answer this question, one must be impose a priori restrictions on lag length that cannot be tested. We provide examples of two economic models. Model 1...

We revisit recent evidence on how monetary policy affects output and prices in the U.S. and in the euro area. The response patterns to a shift in monetary policy are similar in most respects, but differ noticeably as to the composition of output changes. In the euro area investment is the...