Die Zielsetzung des Forschungsprojekts besteht darin, neue Erkenntnisse zu den Eigenschaften der Preisbildungsprozesse deutscher Agrarrohstoffe zu liefern. Dabei stehen folgende Fragen im Mittelpunkt: Weisen deutsche Kassa- und europäische Futurepreise der Agrarrohstoffe Weizen, Mais und Raps...

This study analyses the drivers behind the recent price evolution of fertilizers and their interplay with energy and food commodity market prices. First, evidence of speculative behaviour on fertilizer markets is found. However, speculation on derivative markets can hardly be considered as the...

Wheat, corn, rice, soybeans, and cotton experienced higher volatility in the second half of the 2000s. For the sample at hand, the unit root tests only validate a new period of high volatility for wheat and cotton. If in the next couple of years however, corn, rice and soybeans maintain their...

The long-term euro area house price equilibrium and its short-term dynamics are estimated by means of a panel error correction model. The estimates show that the short-term dynamics are essentially driven by the autoregressive term (persistence), disposable income and mortgage loans, whereas...

Die Zielsetzung des Forschungsprojekts besteht darin, neue Erkenntnisse zu den Eigenschaften der Preisbildungsprozesse deutscher Agrarrohstoffe zu liefern. Dabei stehen folgende Fragen im Mittelpunkt: Weisen deutsche Kassa- und europäische Futurepreise der Agrarrohstoffe Weizen, Mais und Raps...

The real euro area house price has increased steadily since 1997 reaching more than 6.5% in 2004 and 2005. The rise on its own is not as striking as the long lasting effect of the phenomenon. Indeed, it is the longest lasting house price increase ever experience in the euro area since data are...