Macroeconomic stability is one of the most important national objectives in anycountry. However, economies are often subjected to a number of shocks(internal and external), which can be destabilising, produce volatility and make itdifficult to achieve and maintain economic stability....

This paper presents the update of the macroeconometric model used at the Bank of Spain for medium term macroeconomic forecasting of the Spanish economy, as well as for performing policy simulations. The many changes that the Spanish economy has experimented in the last years, and the new system...

Imports are increasingly becoming a significant source of Japan's pork supply. Japan's share of imports to total consumption increased from 9 percent in 1980 to 24 percent in 1990, reaching a maximum of 44 percent in 1996. Under the World Trade Organization (WTO) safeguard provisions for pork,...

The AGMEMOD Partnership seeks to capture the inherent existingheterogeneity of agricultural systems by linking together individualEU Member State models, an aggregated EU model and severalaccession countries into one single model, while still maintaininganalytical consistency. Although this...

The objective of this paper is to assess empirically the impacts of further reform of the CommonAgricultural Policy (CAP) on the agri-food sector in Finland. To meet the objective, aneconometric model for Finnish agriculture - built as a part of the AGMEMOD project - wasutilised. The projection...

This paper provides a summary measure of the possible new commitments in the area of market access undertaken by the European Union and the United States, using the Trade Restrictiveness Index (TRI) as the tariff aggregator. Indicators such as the TRI, based on welfare theory, integrate economic...

This study provides an in-depth modelbased quantitative analysis of the implications of thedairy policy reform on the milk and dairy market aswell as on other agricultural markets in the EU27,EU15, EU12 and the individual MS. The objectives ofthe study are threefold:1. to assess the implications...

The paper considers the use of directed acyclic graphs (DAGs), and their construction from observational data with PC-algorithm TETRAD II, in providing over-identifying restrictions on the innovations from a vector autoregression. Results from Sims’ 1986 model of the US economy are replicated...

We know very little about how a firm would compare against its peers when evaluated from a multiple-stakeholder perspective where the same variables are interpreted differently. Since most medium-to-large organizations acknowledge the multi-dimensional nature of their operations, finding out the...

"In many fields, policymakers seem to have an increasing preference for simple, large, non- redundant systems of analysis and governance. To address this question, we examine several arenas in which scholars have studied the costs and benefits of different levels of redundancy, including:...