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Monetary Union for the macroeconometric modelling of the Euro area, which took place in Essen in 2000. At the end of the … development of macroeconometric modelling in the Euro area.Once more it became clear, however, that an ideal way to a solution of … beginning of the theoretical and empirical exploration of the macroeconomic development of the Euro area, it is not always …
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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....
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rates EUR/GRD and EUR/ITL during the euro zone membership period. Leaving the euro area one can expect the following market … rates: EUR/GRD 600 and EUR/ITL 1850. That would mean 75% depreciation and 5% appreciation to the current euro parities EUR …
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