Traditionally, the welfare of fish compared to welfare of other, land farmed animals has not been an important topic to consumers, producers and legislators, an attitude which is reflected in past research projects and legislation directed towards welfare, which hardly ever took fish into...

In dem Themenpapier wird die Aquakulturproduktion in Griechenland, in der Türkei und in Zypern beschrieben. Es enthält eine Analyse der Entwicklung von Erzeugung, Markt und Unternehmensstruktur unter besonderer Berücksichtigung der Haupterzeugnisse (Goldbrasse und Wolfsbarsch) und der...

Aquaculture is essentially an economic development within small and medium sized enterprises that has grown substantially in most European Union (EU) countries over recent years. This development has been particularly evident in e.g. Scotland, and Ireland [salmon (Salmo salar)], the...

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...