Inflation-Targeting, Flexible Exchange Rates and Macroeconomic Performance since the Great Recession. CEPS Working Document No. 394, March 2014

Has inflation targeting (IT) conferred benefits in terms of economic growth on countries that followed this particular monetary policy strategy during the crisis period 2007-12? This paper answers this question in the affirmative. Countries with an IT monetary regime with flexible exchange rates weathered the crisis much better than countries with other monetary regimes, predominantly countries with fixed exchange rates. Part of this difference in growth performance reflects differences in export performance during the initial years of the crisis, which in turn can be explained by real exchange rate depreciations. However, IT seems also to confer other benefits on the countries above and beyond the effects from currency depreciation.

A flexible, scaleable approach to the international patent 'name game'. Bruegel Working Paper 2014/10i, September 2014

The inventors in PATSTAT are often duplicates: the same person or company may be split into multiple entries in PATSTAT, each associated to different patents. In this paper, we address this problem with an algorithm that efficiently de-duplicates the data. It needs minimal manual input and works well even on consumer-grade computers. Comparisons between entries are not limited to their names, and thus this algorithm is an improvement over earlier ones that required extensive manual work or overly cautious clean-up of the names.

New Europeans, New Identities; Reflections on Europe’s Dilemma. IES WORKING PAPER 1/2008

This paper examines issues relating to the integration of immigrants, particularly Muslim immigrants, into European societies. It first contemplates whether a true European identity really exists. Building on the different conceptions of (European) identity, the paper claims that a sense of belonging is crucial in helping immigrants integrate into Europe. The paper also argues that identity is, actually, most relevant when it is under threat. The paper therefore looks at the nature of Muslim society in Europe and some of the reasons for disaffection in that population. While doing this, the paper compares the various models of integration in, for example, the United States, Canada and Israel with the attempt by a number of EU Member States to find satisfactory integration strategies. Also, the efforts of the European Commission to forge an acceptable integration framework through the principles elaborated following the Hague declaration in November 2004 are discussed. The paper concludes that integration is best approached by creating cohesive communities and loyalties at the local level.