Der Konflikt um Georgiens abtrünnige Teilrepubliken galt lange als „eingefroren“, bis die Scharmützel im August 2008 schließlich eskalierten und Georgien eine Offensive gegen Südossetien startete, welche von intervenierenden russischen Truppen zurückgeschlagen wurde. In Folge wurden...

For 22 years, the members of the World Trade Organization (WTO) have been discussing how to govern e-commerce and the data that underpins it. In 2019, some 74 (now 86) nations began to negotiate e-commerce. These talks are conducted in secret and little is known about how they are progressing....

This paper provides an analytical description of the experiences made in the United States of America with the last two revisions of legislation controlling lobbyists and their activities, in particular the US Lobbying Disclosure Act. Conclusions with respect to the ongoing debate in the EU on...

We develop and estimate a general equilibrium model in which monetary policy can deviate from active in.ation stabilization and agents face uncertainty about the nature of these deviations. When observing a deviation, agents conduct Bayesian learning to infer its likely duration. Under...

Wissenschaft und Politik bilden keine Einheit, sondern voneinander unabhängige Teilsysteme. Politische Verantwortung heißt daher auch, sich nicht hinter der Wissenschaft zu verstecken.

By conducting a high-frequency event study similar to Gürkaynak et al.(2005), we find that two factors are needed to adequately capture the effects of monetary policy announcements for a non-inflation targeting emerging market economy, Malaysia. These factors are the surprise changes inthe...

In this analysis, we investigate ECB communication by analyzing more than 3,800 speeches from 1999 until 2022. The study measures the attention which ECB Council members pay to various implicit and explicit monetary policy objectives. While price stability, according to the Maastricht Treaty, is...

Vorliegender Artikel betrachtet aktuelle Themenfelder der Agrarpolitik und -wirtschaft in Deutschland. Kontexte der EU-Politik bilden dabei einen inhaltlichen und methodischen Rahmen. Von exemplarischen Szenarien in gesellschaftspolitischen Debatten ausgehend beziehen sich die Autoren auch auf...

Theory and practice of monetary policy have changed significantly over the past three decades. A very important part of today's monetary policy is management of the expectations of private market participants. Publishing and justifying the central bank's best forecast of inflation, output, and...