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We estimate a three-region (DE-REA-RoW) structural macroeconomic model, and we provide a counterfactual on how nominal exchange rate flexibility would have affected the German trade balance (TB) by simulating the shocks of the estimated model under a counterfactual flexible exchange rate regime....
Persistent link: https://www.econbiz.de/10011983671
We estimate a three-region (DE-REA-RoW) structural macroeconomic model, and we provide a counterfactual on how nominal exchange rate flexibility would have affected the German trade balance (TB) by simulating the shocks of the estimated model under a counterfactual flexible exchange rate regime....
Persistent link: https://www.econbiz.de/10012890627
Persistent link: https://www.econbiz.de/10011290003
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The global financial crisis (2008-09) led to a sharp contraction in both Euro Area (EA) and US real activity, and was …
Persistent link: https://www.econbiz.de/10012969881
We estimate a three-country model using 1995-2013 data for Germany, the Rest of the Euro Area (REA) and the Rest of the … World (ROW) to analyze the determinants of Germany's current account surplus after the launch of the Euro. The most …, as well as German labour market reforms and other positive German aggregate supply shocks. The convergence of REA …
Persistent link: https://www.econbiz.de/10013054630
The COVID-19 pandemic led to a sharp contraction of economic activity in the euro area (and worldwide). Its anatomy …
Persistent link: https://www.econbiz.de/10012650032
Persistent link: https://www.econbiz.de/10012630996