Während die industrialisierte Landwirtschaft des Nordens gigantische Lebensmittelüberschüsse produziert, hungern auf der Südhalbkugel der Erde Millionen von Menschen. Doch warum kommt die nötige Agrarwende nur so langsam voran? Werner Onken erläutert in diesem Buch, wie sehr sie durch das...

A decade after the implementation of the initial wave of economic reforms in India, the process of transforming the country into a fully developed market economy continues. A hallmark of the globalised economy is its ability to sustain competitive efficiency which, in turn, can lead to enhanced...

This paper aims to show that the fiscal and monetary counter-cyclical actions implemented by Brazilian government after the financial crisis were frugal: the monetary policy was late and slowly slackened and the fiscal policy sustain a primary surplus budget, in the opposite direction of much...

This paper attempts to extend empirical investigations about the asymmetric effects of monetary shocks in the Brazilian economy. We specify and estimate a nonlinear smooth transition vector autoregressive model including output, price level, exchange rate and a monetary policy indicator (Selic...