Holtemöller, Oliver; Schmidt, Torsten - Rheinisch-Westfälisches Institut für … - 2008
In this paper, we estimate a small New Keynesian dynamic stochastic general equilibrium (DSGE) model for Germany for the period from 1975 to 1998 and use it to identify the structural shocks, which have driven the business cycle. For this purpose we apply indirect inference methods, that is we...
