Meyer, Bernd; Lutz, Christian; Schnur, Peter; Zika, Gerd - Institut für Arbeitsmarkt- und Berufsforschung (IAB) - 2006
"Policy simulations for national economies with econometric models in general are done using a stand alone national model with exogenous export values and import prices. In a globalised world such an exercise is critical, since the policy in question may change the export prices and the import...
