Labour Market Reforms and Current Account Imbalances: Beggar-thy-neighbour policies in a currency union? CEPS Working Document No. 399/September 2014

Member countries of the Economic and Monetary Union (EMU) initiated wide-ranging labour market reforms in the last decade. This process is ongoing as countries that are faced with serious labour market imbalances perceive reforms as the fastest way to restore competitiveness within a currency union. This fosters fears among observers about a beggar-thy-neighbour policy that leaves non-reforming countries with a loss in competitiveness and an increase in foreign debt. Using a two-country, two-sector search and matching DSGE model, we analyse the impact of labour market reforms on the transmission of macroeconomic shocks in both non-reforming and reforming countries. By analysing the impact of reforms on foreign debt, we contribute to the debate on whether labour market reforms increase or reduce current account imbalances.

Judicial Selection, Lay Participation, and Judicial Culture in the Czech Republic: A Study in a Central European (Non)Transformation. College of Europe Research Paper in Law 03/2014

Introduction. The idea that “merit” should be the guiding principle of judicial selections is a universal principle, unlikely to be contested in whatever legal system. What differs considerably across legal cultures, however, is the way in which “merit” is defined. For deeper cultural and historical reasons, the current definition of “merit” in the process of judicial selections in the Czech Republic, at least in the way it is implemented in the institutional settings, is an odd mongrel. The old technocratic Austrian judicial heritage has in some aspects merged with, in others was altered or destroyed, by the Communist past. After 1989, some aspects of the judicial organisation were amended, with the most problematic elements removed. Furthermore, several old as well as new provisions relating to the judiciary were struck down by the Constitutional Court. However, apart from these rather haphazard interventions, there has been neither a sustained discussion as to how a new judicial architecture and system of judicial appointments ought to look like nor much of broader, conceptual reform in this regard. Thus, some twenty five years after the Velvet Revolution of 1989, the guiding principles for judicial selection and appointments are still a debate to be had.

The grand divergence: global and European current account surpluses. Bruegel Working Paper 2015/08, 13 August 2015

Global current account imbalances widened before the 2007/2008 crisis and have narrowed since. While the post-crisis adjustment of European current account deficits was in line with global developments (though more forceful), European current account surpluses defied global trends and increased. We use panel econometric models to analyse the determinants of medium-term current account balances. Our results confirm that higher fiscal balances, higher GDP per capita, more rapidly aging populations, larger net foreign assets, larger oil rents and better legal systems increase the medium-term current account balance, while a larger growth differential and a higher old-age dependency ratio reduce it. European current account surpluses became excessive during the past twelve years according to our estimates, while they were in line with model predictions in the preceding three decades. Generally, the gap between the actual current account and its fitted value in the model has a strong predictive power for future current account changes. Excess deficits adjust more forcefully than excess surpluses. However, in the 2004-07 period, excess imbalances were amplified, which was followed by a forceful correction in 2008-15, with the exception of European surpluses.

A detector based on silica fibers for ion beam monitoring in a wide current range

A detector based on doped silica and optical fibers was developed to monitor the profile of particle accelerator beams of intensity ranging from 1 pA to tens of µA. Scintillation light produced in a fiber moving across the beam is measured, giving information on its position, shape and intensity. The detector was tested with a continuous proton beam at the 18 MeV Bern medical cyclotron used for radioisotope production and multi-disciplinary research. For currents from 1 pA to 20 µA, Ce3+ and Sb3+ doped silica fibers were used as sensors. Read out systems based on photodiodes, photomultipliers and solid state photomultipliers were employed. Profiles down to the pA range were measured with this method for the first time. For currents ranging from 1 pA to 3 µA, the integral of the profile was found to be linear with respect to the beam current, which can be measured by this detector with an accuracy of ∼1%. The profile was determined with a spatial resolution of 0.25 mm. For currents ranging from 5 µA to 20 µA, thermal effects affect light yield and transmission, causing distortions of the profile and limitations in monitoring capabilities. For currents higher than ∼1 µA, non doped optical fibers for both producing and transporting scintillation light were also successfully employed.

Analyse des événements festifs et religieux dans le Petit Maghreb sous l'approche de la médiation

Travail dirigé présenté à la Faculté des études supérieures en vue de l'obtention du grade Maîtrise (M.Sc.) en criminologie option sécurité intérieure

Organizational maintenance repair parts and special tools list : power unit, utility pack, gas turbine engine driven (Airesearch model PPU85-5), non-winterized, FSN 6115-937-0929, (Airesearch model PPU85-4), winterized, FSN 6115-134-0825.

"April 1969."

Organizational, DS, GS, and depot maintenance manual : crane-shovel, basic unit, truck mounted, 20 ton, 3/4 cu. yd., gasoline engine, 6x6 (American Hoist and Derrick models) model 2360 (non-winterized) FSB 3810-989-0505, model W2360 (winterized) FSN 3810-989-0506.

"December 1974."

Operator's manual : crane-shovel, basic unit, truck mounted 20 ton, 3/4 cu yd, gasoline driven, 6x6 (Quickway model M-200), non-winterized (FSB 3810-542-4982), crane serial numbers 20-026 through 20-500, carrier serial numbers 59-026C through 59-500C, winterized to minus 65 degrees (FSN 3810-542-4980), crane serial numbers 20-001 through 20-025, carrier serial numbers 59-001C through 59-025C.

Includes index.

Technical manual, direct and general support maintenance manual : mixer, concrete, 4 wheel trailer mounted, gasoline engine driven, non tilt, 16 cu. ft., (T.L. Smith Company model 499A), FSN 3895-444-1531.

Includes index.

Technical manual, operator and organizational maintenance manual : mixer, concrete, 4 wheel trailer mounted, gasoline engine driven, non tilt, 16 cu. ft. (T.L. Smith Company model 499A), FSN 3895-444-1531.

"January 1972."

Operator, organizational, direct support, general support, and depot maintenance manual : mixer, bituminous material, non-self-loading, diesel engine driven (Barber-Greene model KA-60) FSN 3895-933-0577 with elevator, bucket type ... components of mixing plant, asphalt ....

"April 1968."

Operator's manual : compressor, rotary, air, wheel mounted, pneumatic tires, diesel driven, 600 cfm, 100 psi : (Ingersoll-Rand model DR-6000) non-winterized, serial numbers 600AR 18604 ... winterized ....

"February 1962."

Operator and organizational maintenance manual : tank, steel, vertical, bolted, knockdown, sealed openings, standard bottom and roof, gasoline, oil, or water (type I-pol and potable water, type II-pol and non-potable water), 100 barrel capacity ... 10,000 barrel capacity ....

"May, 1974."

Direct and general support maintenance repair parts and special tools lists (including depot maintenance repair parts and special tools) : generator set, DED, wheel mtd, liquid cooled, 15KW, 400 HZ, AC, 3 phase, 4 wire,120/208 V, non-winterized, special purpose mdl SP-HF-15, w/Hercules engine D198ERX28, FSN 6115-089-5099.

Includes index.

Operator and organizational maintenance manual : power plant, utility, (MUST) gas turbine engine driven (Amertech Corporation model no. APP-1), NSN 6115-00-937-0929 (non-winterized) and NSN 6115-00-134-0825 (winterized).

Includes index.