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In der vorliegenden Studie erfolgt eine regionale Analyse der Wettbewerbsfähigkeit der Milch-produktion in Australien … viertgrößter Exporteur auf dem Weltmarkt gehört auch Australien zu diesen Regionen. Von 2000/01 bis 2009/10 ging die … common agricultural policy gets liberalised. As fourth biggest exporter of dairy products on the world market, also Australia …
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Im Zuge der Gründung der Europäischen Währungsunion übernahm die Europäische Zentralbank im Januar 1999 die Verantwortung für eine einheitliche Geldpolitik im Euroraum. Während damit Nominalzinsunterschiede innerhalb der EWU praktisch der Vergangenheit angehören, existieren weiterhin...
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The notion of a "real rate of interest" has been a centre of confusion in the history of economic thought. In neoclassical economics, real interest rates were designed as relative prices of contemporary and future goods and Böhm-Bawerk believed that misalignments were corrected by market...
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The existing literature on U.S. monetary policy provides no sense of a consensus regarding the existence of a monetary policy regime. This article explores the evolution of U.S. monetary policy regimes via the development of a Markov-switching model predicated on narrative and statistical...
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This paper tries to explore the relationship between, gross domestic product, inflation and real interest rate with the exchange rate. 10 African countries with 15 years of data from 1996 to 2010 were used for this study. Three independent variables i.e. inflation, interest rate and Gross...
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In this paper, the distinction between nominal and real income is highlighted by positing the existence of an imaginary “real dollar store.” In this store, all items are sold at a price of one dollar in the base year and the price of each is indexed to the cost of living. Hence, such...
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