This paper presents an approach to depict subsistence production of milk in a partial equilibriumsector model and applies this approach to Poland, Bulgaria and Romania in the European SimulationModel (ESIM). The restriction on milk production implied by the EU milk quota in a situation...

Gegenstand dieses Beitrags ist ein dynamisches Simulationsmodell,mit dessen Hilfe die optimale Höhe der Auszahlung für eineBeschwerdelösung im Dienstleistungssektor im Sinne einer wertorientiertenUnternehmensführung ermittelt werden kann. Zentralist dabei der Konflikt zwischen dem...

There has been an extensive discussion on the applicability of Poisson Pseudo Maximum Likelihood (PPML) to trade. Here, we are going to analyse again the performance of PPML but in the light of a bimodal distribution; in addition, we also explicitly account for excess zeros. Simulations are...

We analyse the effectiveness of fiscal policy rules for business cycle stabilisation in a monetary union using a quarterly macro-econometric model of Germany. The simulations compare a deficit target and an expenditure target under a range of supply, demand and fiscal shocks. Their effects are...