Cyclically induced changes in taxes and government expenditures which tend to stabilise aggregate output are called automatic stabilisers. Using a small macro model, this paper reviews alternative methods of measuring the smoothing power of automatic stabilisers and discusses their relationship...

Different stochastic simulation methods are used in order to check the robustness of the outcome of policy simulations with a macroeconometric model. A macroeconometric disequilibriummodel of the West German economy is used to analyze a reform proposal for the tax system. The model was estimated...

This document gives a detailed account of the current version of the Hungarian Quarterly Projection Model (NEM). It describes the main building blocks, presents the forecast performance of the model and, finally, it illustrates the responses to the most important shocks the Hungarian economy may...

Dieser Beitrag stellt das numerische allgemeine Gleichgewichtsmodell PACE-L (Policy Analysis based on Computable Equilibrium, Labour market module) in kompakter Form vor. Dieses quantitative gesamtwirtschaftliche Modell wird am IAB zur Beurteilung von beschäftigungsrelevanten...

Since the start of European monetary union, the macroeconomic situation in Germany can in many respects only be analyzed in combination with the situation in the rest of the euro area. To take this into account, a small macroeconometric model is constructed that models the euro area as...

Diese Arbeit beschreibt das makroökonometrische Modell des IWH: ein auf Quartalsdaten gestütztes, strukturelles Modell für die deutsche Volkswirtschaft. Der Beitrag konzentriert sich auf die Spezifikation und Schätzungen der angebotsseitigen Aspekte des Modells. Dieser Ansatz gewährleistet...