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Different stochastic simulation methods are used in order to check the robustness of the outcome of policy simulations with a macroeconometric model. A macroeconometric disequilibriummodel of the West German economy is used to analyze a reform proposal for the tax system. The model was estimated...
Persistent link: https://www.econbiz.de/10000654506
Starting in 2006 the German economy currently experiences a cyclical revival which spreads to the labor market. Unemployment decreases markedly and regular employment rises. At present, virtually all professional forecasts expect this upswing to continue in the foreseeable future. Against this...
Persistent link: https://www.econbiz.de/10003485599
This paper provides new estimates of a timevarying NAIRU for Germany taking account of the structural break caused by … inflation rates is employed. Therefore, either the NAIRU concept is not applicable to Germany or, as it is our suggestion, one … compatible with 2 percent inflation in Germany is currently around 7 percent if the definition of unemployment follows the …
Persistent link: https://www.econbiz.de/10003607638
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the NAIRU for the Federal Republic of Germany using categorical business survey data for inflationary expectations. …
Persistent link: https://www.econbiz.de/10009620846
Gegenstand dieses Beitrags ist eine quantitativ orientierte Diskussion einiger Wirkungen einer Umstrukturierung des Steuersystems anhand der neuesten und wesentlich erweiterten Version des Konstanzer aggregierten Ungleichgewichtsmodells für die westdeutsche Volkswirtschaft für den Zeitraum von...
Persistent link: https://www.econbiz.de/10011440908
Different stochastic simulation methods are used in order to check the robustness of the outcome of policy simulations with a macroeconometric model. A macroeconometric disequilibriummodel of the West German economy is used to analyze a reform proposal for the tax system. The model was estimated...
Persistent link: https://www.econbiz.de/10011441040
German Economy 1980 to 1998. The novelty of the paper is the estimation of a time-varying NAIRU for West Germany employing …
Persistent link: https://www.econbiz.de/10011444884