framework. In the estimation we utilize disaggregated information, employing single country data, along with the aggregated EMU … data by Fagan et. al (2001). We also contribute to the literature by proposing a strategy for consistent estimation of the … simple tworegion DSGE model, with a particular focus on analyzing the German economy within EMU, and its Bayesian estimation …

? The underlying idea is that unemployment hysteresis may operate through a sociological channel: if many people in the …

aggregates of private consumption, business investment, exports, imports, GDP, and changes in inventories. In country …-specific data sets, cointegration analyses are carried out both to identify long-run economic relationships and to remove the trend … summary statistic developed by Croux et al. [2001], is applied. Sampling variability and parameter uncertainty are captured by …

out to test whether the long-run export behaviour of intra and extra exports has changed since the 1990s. Finally … German exports to shift since the 1990s is addressed by estimating Germany’s exports to EMU partner countries (intra exports …) and to countries outside the euro area (extra exports). Analytically, this is done first by estimating single …

exports. As a consequence, firms' export activities are limited in the absence of insurance provision. Using a novel data set … economically significant positive effect of public export guarantees on exports which indicates that export promotion is indeed … investigates the claim that German public export credit guarantees (Hermes guarantees) mitigate this friction to trade flows and …

greater propensity to import with respect to an increase in investment compared to a rise in consumption, yet find that export … goods have the highest marginal import content. The influence of export demand on the German economy’s import demand is …