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Simulations of a deficit-financed public investment programme in Germany amounting to €460 billion over ten years in … the macroeconomic model NiGEM show that it will finance itself in 30 years at most, even under conservative model … assumptions. In the basic version of the model, GDP is 3 % to 4 % above the baseline in the long run. Additionally, private …
Persistent link: https://www.econbiz.de/10012703402
Simulations of a deficit-financed public investment programme in Germany amounting to €460 billion over ten years in … the macroeconomic model NiGEM show that it will finance itself in 30 years at most, even under conservative model … assumptions. In the basic version of the model, GDP is 3 % to 4 % above the baseline in the long run. Additionally, private …
Persistent link: https://www.econbiz.de/10012663185
Besonders seit dem starken Anstieg der Staatsschuldenquoten nach dem Ausbruch der jüngsten weltweiten Finanzkrise und der Großen Rezession spielt das Thema sowohl in der öffentlichen als auch in der wissenschaftlichen Debatte eine prominente Rolle. Die Nationale Akademie der Wissenschaften...
Persistent link: https://www.econbiz.de/10011773202
Besonders seit dem starken Anstieg der Staatsschuldenquoten nach dem Ausbruch der jüngsten weltweiten Finanzkrise und der Großen Rezession spielt das Thema sowohl in der öffentlichen als auch in der wissenschaftlichen Debatte eine prominente Rolle. Die Nationale Akademie der Wissenschaften...
Persistent link: https://www.econbiz.de/10011312257
the Global Econometric Model (National Institute, London). Simulation results obtained with this full modeling approach …
Persistent link: https://www.econbiz.de/10013124305
We compute average markups as a measure of market power throughout time and study their interaction with fiscal policy and macroeconomic variables in a VAR framework. From impulse-response functions, the results, with annual data for a set of 14 OECD countries, show that the markup (i) depicts a...
Persistent link: https://www.econbiz.de/10013079040
The paper presents the German block of the ESCB multi-country model. It builds on previous modelling work on the Area … Wide Model and other country blocks of the ESCB multicountry-model. Whilst being analogous to these models in following a … common modelling approach and the same theoretical framework, the German model has also some unique features for instance …
Persistent link: https://www.econbiz.de/10011604700
. Simulations with macroeconometric models show that Germany is more affected than other large economies in Europe such as France …
Persistent link: https://www.econbiz.de/10011477714
. Simulations with macroeconometric models show that Germany is more affected than other large economies in Europe such as France …
Persistent link: https://www.econbiz.de/10010357286
In this paper we present an evaluation of forecasts of a vector of variables of the German economy made by different institutions. Our method permits one to evaluate the forecasts for each year and then if one is interested to combine the years. We use our method to determine an overall winner...
Persistent link: https://www.econbiz.de/10013050057