Within the EU research project SVAPPAS, a method of sustainability measurement based on principles of financial markets, will be tested wrt sustainability issues in agriculture, and further developed. This analysis is oriented to farm level approach based on FADN data. The study goes in two...

Die vorliegende Studie untersucht die Auswirkungen unterschiedlicher Handlungsoptionen im Bereich der Getreidemarktpolitik (Abschaffung der Gersteintervention sowie der Flächenstilllegung). Die quantitative Analyse wird mit dem partiellen Gleichgewichtsmodell AGMEMOD und dem...

In this paper we introduce identifying restrictions into a Markov-switching vector autoregression model. We define a separate set of impulse responses for each Markov regime to show how fundamental disturbances affect the variables in the model dependent on the regime. We go to illustrate the...

This paper uses a small, calibrated forward-looking model of the euro-area economy to investigate the implications of incomplete information about potential output for the conduct and the design of monetary policy.

This paper presents empirical evidence on the behaviour of interbank lending in Germany after a monetary policy impulse. Our VAR analysis shows that following a monetary contraction, the banking system as a whole attracts additional funds from foreign banks.