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We assess whether euro area inflation expectations, as measured by break-even inflation rates (BEIRs), have remained anchored during the financial crisis. Since autumn 2008, the volatility of BEIRs has increased considerably. We treat observed BEIRs as a sum of `genuine BEIRs' and additional...
Persistent link: https://www.econbiz.de/10010341627
On 5-6 September 2012 SUERF held its 30th Colloquium "States, Banks, and the Financing of the Economy" at the University of Zürich, Switzerland. The papers included in this SUERF Study are based on contributions to the Colloquium. All the chapters in this publication discuss from different...
Persistent link: https://www.econbiz.de/10011711721
evolution of regional employment disparities. Therefore, this paper investigates the hypothesis of convergence for the total … paper considers different concepts of convergence. Following the cross-sectional approach to convergence provides no … evidence for a catching-up process between regions. The findings from the time series approach to convergence are mixed. The …
Persistent link: https://www.econbiz.de/10010344631
Das 1. Symposium für Ökonomie im Gartenbau fand am 27. November 2013 in der Paulinerkirche in Göttingen statt. Es wurde als Kooperation der Georg-August-Universität Göttingen, des Thünen- Instituts für Betriebswirtschaft und des Agrarkompetenznetzes WeGa durchgeführt. Die Veranstaltung...
Persistent link: https://www.econbiz.de/10010480027
Am 1. März 2016 fand im Forum des Thünen-Instituts in Braunschweig das 2. Symposium für Ökonomie im Gartenbau statt. Ausrichter waren das Thünen-Institut für Betriebswirtschaft, der Lehrstuhl für Betriebswirtschaftslehre des Agribusiness der Georg-August-Universität Göttingen und das...
Persistent link: https://www.econbiz.de/10011572257
The third Symposium of Economics in Horticulture was organized by the Department of Horticulture and Food Technology at Weihenstephan-Triesdorf University of Applied Sciences and the Thünen-Institute of Farm Economics. It took place at the 15th of November 2019 at Weihenstephan-Triesdorf...
Persistent link: https://www.econbiz.de/10012663395
We analyze a stylized model of the world grain market characterized by a small oligopoly of traders with market power on both the supply and demand side. Crops are stochastic and exporting countries can impose export tariffs to protect domestic food prices. We show that export tariffs are...
Persistent link: https://www.econbiz.de/10010489907
We integrate systemic financial instability in an empirical macroeconomic model for the euro area. We find that at times of widespread financial instability the macroeconomy functions fundamentally differently from tranquil times. We employ a richly specified Markov-Switching...
Persistent link: https://www.econbiz.de/10010336276
We analyze real interest rate convergence among six industrialized countries in between 1975M1-2011M3 within a multi … the number of stochastic components over time, which can be interpreted as confirmation of the convergence hypothesis. We … observe rapid convergence during the late 1970s and 1980s, followed by slower transition since the mid-1990s when financial …
Persistent link: https://www.econbiz.de/10010339303
In the academic literature, the economic interpretation of stock market volatility is inherently ambivalent, being considered an indicator of either information flow or uncertainty. We show in a stylized model economy that both views suggest volatility-dependent cross-market spillovers. If...
Persistent link: https://www.econbiz.de/10010339937