Standard economic models hold that exchange rates are influenced by fundamental variables such as relative money supplies, outputs, inflation rates and interest rates. Nonetheless, it has been well documented that such variables little help predict changes in floating exchange rates u0097 that...

We apply both classical and Bayesian econometric methods to characterize the dynamic behavior of inflation for twelve industrial countries over the period 1984-2003, using four different price indices for each country. In particular, we estimate a univariate autoregressive (AR) model for each...

This study examines what could be the strategic positions of two important participants in the WTO negotiations: the United States, a major player in the agricultural sector, and China, a new participant that will certainly make its presence felt in the future.

Farmland supports many habitats and species of European conservation concern. In 2003, Europe's environment ministers agreed to identify all farmland areas with high nature value and take conservation measures. This report shows that these areas cover roughly 15-25 % of the European countryside...