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Comparing shocks and frictions in US and Euro area business cycles : a Bayesian DSGE approach
Smets, Frank (contributor); Wouters, Rafael (contributor) - 2004
Persistent link: https://www.econbiz.de/10002554857
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Comparing shocks and frictions in US and Euro Area Business Cycles : a Bayesian DSGE approach
Smets, Frank; Wouters, Rafael - 2004
Persistent link: https://www.econbiz.de/10002340881
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Comparing Shocks and Frictions in US and Euro Area Business Cycles : A Bayesian DSGE Approach
Smets, Frank - 2010
This paper estimates a DSGE model with many types of shocks and frictions for both the US and the euro area economy over a common sample period (1974-2002). The structural estimation methodology allows us to investigate whether differences in business cycle behaviour are due to differences in...
Persistent link: https://www.econbiz.de/10013137108
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Comparing shocks and frictions in US and euro area business cycles : a Bayesian DSGE approach
Smets, Frank; Wouters, Rafael - 2004
This paper estimates a DSGE model with many types of shocks and frictions for both the US and the euro area economy over a common sample period (1974-2002). The structural estimation methodology allows us to investigate whether differences in business cycle behaviour are due to differences in...
Persistent link: https://www.econbiz.de/10011625697
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Higher economic growth through macroeconomic policy coordination? : the combination of wage policy and monetary policy
Gern, Klaus-Jürgen; Meier, Carsten-Patrick; Scheide, … - 2003
Strengthening potential output is high on the agenda for economic policy in the European Union. While there is widespread agreement that structural policies have a positive impact on long-term growth, there is a controversial discussion whether coordination of macroeconomic policies can...
Persistent link: https://www.econbiz.de/10011451765
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Evidence of the new economy at the macroeconomic level and implications for monetary policy
Gern, Klaus-Jürgen; Meier, Carsten-Patrick; Scheide, … - 2003
of the production potential has implications for monetary policy. In a world with rational expectations and sticky prices …
Persistent link: https://www.econbiz.de/10011452093
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Higher economic growth through macroeconomic policy coordination? : The combination of wage policy and monetary policy
Gern, Klaus-Jürgen; Meier, Carsten-Patrick; Scheide, … - 2003
Persistent link: https://www.econbiz.de/10001737854
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Evidence of the new economy at the macroeconomic level and implications for monetary policy
Gern, Klaus-Jürgen; Meier, Carsten-Patrick; Scheide, … - 2003
Persistent link: https://www.econbiz.de/10001746994
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World economy in spring 2021 : recovery stays on track
Gern, Klaus-Jürgen; Hauber, Philipp; Kooths, Stefan; … - 2021
coronavirus rising sharply and containment measures tightened again in many countries. Industrial production and world trade have … next, with a particularly strong improvement in the outlook for the United States. World trade in goods is expected to grow … horizon world trade will thus be even higher than expected before the crisis. …
Persistent link: https://www.econbiz.de/10012590089
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Shocks and frictions in US business cycles : a Bayesian DSGE approach
Smets, Frank; Wouters, Rafael - 2007
Using a Bayesian likelihood approach, we estimate a dynamic stochastic general equilibrium model for the US economy using seven macro-economic time series. The model incorporates many types of real and nominal frictions and seven types of structural shocks. We show that this model is able to...
Persistent link: https://www.econbiz.de/10011618212