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We estimate a three-region (DE-REA-RoW) structural macroeconomic model, and we provide a counterfactual on how nominal exchange rate flexibility would have affected the German trade balance (TB) by simulating the shocks of the estimated model under a counterfactual flexible exchange rate regime....
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This paper studies the effectiveness of Euro Area (EA) fiscal policy, during the recent financial crisis, using an …
Persistent link: https://www.econbiz.de/10011590516
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This paper studies the effectiveness of Euro Area (EA) fiscal policy, during the recent financial crisis, using an …
Persistent link: https://www.econbiz.de/10011506754
Persistent link: https://www.econbiz.de/10009571896