This is the seventh u0093Forest Fires in Europeu0094 report published by the European Commission. The report is normally published in summer of the following year in order to allow the different countries to compile official statistics of the fire season regarding the total number of forest...

The Forest Fires in Europe 2005 report is an edition of the information reported by the Member States with the statistics and analysis of the fire season of 2005. It also includes the information produced by the European Forest Fire Information System regarding the Fire Danger Forecast in Europe...

The present second report on forest fires in Southern Europe builds upon statistical data provided by the Member States, i.e. data for the burnt area and numbers of forest fires occurred in the period 1980 to 2001. Its objective is to provide an overview on the latest evolution of forest fires...

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...