Im Zuge der Reform der Gemeinsamen Agrarpolitik (GAP) nach 2013 hat die EU-Kommission vorgeschlagen, die Quotenregelung für den Zuckersektor nach Ende des Wirtschaftsjahres 2014/15 auslaufen zu lassen. Dieser Beitrag diskutiert den Reformvorschlag und analysiert die Implikationen für die...

Dieser Bericht stellt ausgewählte Ergebnisse der Thünen-Baseline 2013 - 2023 sowie die zugrunde liegenden Annahmen dar. Für die Erstellung der Thünen-Baseline wurden eine Reihe von Modellen im Verbund eingesetzt: das allgemeine Gleichgewichtsmodell MAGNET, das partielle Gleichgewichtsmodell...

In this paper we introduce identifying restrictions into a Markov-switching vector autoregression model. We define a separate set of impulse responses for each Markov regime to show how fundamental disturbances affect the variables in the model dependent on the regime. We go to illustrate the...

This paper uses a small, calibrated forward-looking model of the euro-area economy to investigate the implications of incomplete information about potential output for the conduct and the design of monetary policy.

This paper presents empirical evidence on the behaviour of interbank lending in Germany after a monetary policy impulse. Our VAR analysis shows that following a monetary contraction, the banking system as a whole attracts additional funds from foreign banks.

This paper studies the formation of consumers’ infl‡ation expectations using<br/>micro-level data from the Michigan Survey. It shows that beyond the well-established socio-economic determinants of infl‡ation expectations like gender, income or education also other characteristics like the...

Using business survey data on German manufacturing firms, this paper provides tests for hypotheses that predict distributrional effects in the transmission mechanism of monetary policy. Effects of monetary policy shocks on the business conditions of firms of several size classes are analysed,...