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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

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

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

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

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

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

Persistent link: https://www.econbiz.de/10013428017

Investment and employment adjustment after unification : some results from a macroeconometric disequilibrium model

Radowski, Daniel; Smolny, Werner; Winker, Peter - 1999

The macroeconomic development in West Germany in the aftermath of unification was characterized by a boom period in 1990/1991, a deep recession in 1992/1993 and a slow recovery since then. In East Germany, in contrast, unification induced a breakdown of production and employment followed by a...

Persistent link: https://www.econbiz.de/10013428281

Modeling German unification in a disequilibrium framework

Winker, Peter; Smolny, Werner; Radowski, Daniel - 1999

Unification fundamentally changed the terms of quantitative macroeconomic analysis for Germany. Two main areas concerned are data availability for the eastern part of Germany and structural changes within the behavioural equations after unification. Our paper presents results from the estimation...

Persistent link: https://www.econbiz.de/10013428286

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

Consumer demand in MODAG and KVARTS

Magnussen, Knut A.; Skjerpen, Terje - 1992

Persistent link: https://www.econbiz.de/10000855172