Göggelmann, Klaus; Winker, Peter; Schellhorn, Martin; … - In: Empirical Economics 25 (2000) 2, pp. 247-259
Different stochastic simulation methods are used in order to check the robustness of the outcome of policy simulations. The application of a macroeconometric disequilibrium model of the West German economy to a fiscal policy simulation is taken as an example. Due to nonlinearities arising from...