The recent reforms of the Common Agricultural Policy (CAP) of the European Union extend in a significant way the "decoupling" process started some ten years earlier. By adopting the Single Farm Payment (SFP) scheme only limited support for agriculture is tied to current production decisions....

and Overview -- and Overview -- New Directions in Agricultural Policy: US and European Perspectives -- Recent Developments and Applications from the OECD Toolbox -- US and EU Agricultural Policy: Divergence or Convergence? -- The “Health Check” of the CAP Reform: Lessons from Its Impact...

This paper investigates how macroeconomic uncertainty shocks spillover over four Eurozone countries. It also evaluates their impact on real economic activity. The paper proposes a simple two-country model with a core and a periphery economy, where uncertainty shocks spread from one country to...