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Das makroökonometrische Modell des IWH : eine angebotsseitige Betrachtung

Scheufele, Rolf - 2008

This paper describes the IWH macroeconometric model, a quarterly structural model for the German Economy. It focuses on the specification and estimation on supply-side aspects of the model. This approach guarantees a theoretical derived long-run model equilibrium. It combines short-run...

Persistent link: https://www.econbiz.de/10003747921

Quasi-Monte Carlo methods in stochastic simulations : an application to fiscal policy simulations using an aggregate disequilibrium model of the West German economy 1960 - 1994

Franz, Wolfgang (contributor) - 1998

Different stochastic simulation methods are used in order to check the robustness of the outcome of policy simulations … possible margin. Because of nonlinearities confidence intervals for the simulation results have to be obtained by means of … stochastic simulations. The main contribution of this paper consists in presenting the simulation results. The robustness of …

Persistent link: https://www.econbiz.de/10000654506

Are fiscal VAR's non-fundamentalness easily reversible through the addition of informative variables?

Vonbun, Christian; Lima, Elcyon Caiado Rocha - 2021

The VAR/SVAR (Vector Autoregressive and Structural Vector Autoregressive) models are the cornerstone of the contemporaneous empirical macroeconomic research, in particular for being able to measure the impact of fiscal policy shocks. They may be employed as atheoretical models, as well as a mean...

Persistent link: https://www.econbiz.de/10012486165

National economic impacts of an EU environmental policy : an applied general equilibrium analysis

Conrad, Klaus; Schmidt, Tobias F. N. - 1995

The objective of this paper is to quantify the economic effects of the introduction of a system of tradable permits in the European Union (EU). For this purpose we use linked applied general equilibrium models (AGE) for eleven EU member countries. This method enables us to measure the change in...

Persistent link: https://www.econbiz.de/10011620808

Understanding the Australian economy : a computable general equilibrium model with updated data and parameters

Verikios, George; Hanslow, Kevin; Mariano, Marc Jim; … - 2021

Persistent link: https://www.econbiz.de/10012604438

Empirical macromodels under test : a comparative simulation study of the employment effects of a revenue neutral cut in social security contributions

Buscher, Herbert S. (contributor) - 1998

In the paper we simulate a revenue-neutral cut in the social security contribution rate using five different types of macro- / microeconomic models, namely two models based on time-series data where the labour market is modelled basically demand oriented, two models of the class of computable...

Persistent link: https://www.econbiz.de/10013428178

A first look on the new halle economic projection model

Giesen, Sebastian; Holtemöller, Oliver; Scharff, Juliane; … - 2010

In this paper we develop a small open economy model explaining the joint determination of output, inflation, interest rates, unemployment and the exchange rate in a multi-country framework. Our model – the Halle Economic Projection Model (HEPM) – is closely related to studies recently...

Persistent link: https://www.econbiz.de/10003950731

Expectation formation, financial frictions, and forecasting performance of dynamic stochastic general equilibrium models

Holtemöller, Oliver; Schult, Christoph - 2018

In this paper, we document the forecasting performance of estimated basic dynamic stochastic general equilibrium (DSGE) models and compare this to extended versions which consider alternative expectation formation assumptions and financial frictions. We also show how standard model features,...

Persistent link: https://www.econbiz.de/10011897574

Monetary policy for an open economy : an alternative framework with optimising agents and sticky prices

McCallum, Bennett T.; Nelson, Edward - 2001

The new open-economy macroeconomics seeks to provide an improved basis for monetary and exchange-rate policy through the construction of open-economy models that feature rational expectations, optimising agents, and slowly adjusting prices of goods. This paper promotes an alternative approach...

Persistent link: https://www.econbiz.de/10011518033

Monetary policy in a world where money (also) matters

Shagi, Makram el-; Giesen, Sebastian; Kelly, Logan J. - 2012

While the long-run relation between money and inflation as predicted by the quantity theory is well established, empirical studies of the short-run adjustment process have been inconclusive at best. The literature regarding the validity of the quantity theory within a given economy is mixed....

Persistent link: https://www.econbiz.de/10009664655