Different stochastic simulation methods are used in order to check the robustness of the outcome of policy simulations … possible margin. Because of nonlinearities confidence intervals for the simulation results have to be obtained by means of … stochastic simulations. The main contribution of this paper consists in presenting the simulation results. The robustness of …

Different stochastic simulation methods are used in order to check the robustness of the outcome of policy simulations … possible margin. Because of nonlinearities confidence intervals for the simulation results have to be obtained by means of … stochastic simulations. The main contribution of this paper consists in presenting the simulation results. The robustness of …

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 … the simulation results have to be obtained by means of stochastic simulations. The robustness of the results is assessed …

quits are important reasons for wage rigidities for high skilled labour. Compared to findings from the USA, in Germany …