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those countries decouple from the US? An estimated DSGE model for the UK (vis-`a-vis the US) establishes three structural …
Persistent link: https://www.econbiz.de/10011887034
Recession. We employ a standard mediumscale dynamic stochastic general equilibrium (DSGE) model extended by nonoptimising …
Persistent link: https://www.econbiz.de/10011804350
This paper estimates a medium-scale open economy DSGE model for Germany and the rest of the Euro Area (REA). The … REA. A comparison based on marginal likelihoods shows that the DSGE model fits the observable macroeconomic time series … similarly well as unrestricted Bayesian VARs (BVARs) estimated on the same data set. …
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and hence changes in competitiveness within the three regions. Our results are obtained from an estimated DSGE model which …
Persistent link: https://www.econbiz.de/10012184056
We simulate the fiscal stimulus packages set up by the German government to allevi-ate the costs of the COVID-19 pandemic in a dynamic New Keynesian multi-sectorgeneral equilibrium model. We find that, cumulated over 2020-2022, output lossesrelative to steady state can be reduced by more than 4...
Persistent link: https://www.econbiz.de/10012671256
DSGE-Modelle; Geldpolitik; Fiskalpolitik; Markov-Regimewechsel; Inflationssteuerung; Wechselkurspolitik; Ölpreisschock …DSGE models; monetary policy; fiscal policy; Markov switching; inflation targeting; exchange rate policy; oil price … shock; stimulus package; Great Recession …
Persistent link: https://www.econbiz.de/10011476883
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