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This dissertation is a collection of three essays dealing with selected problems of the Euro Area during its most recent crisis. It applies empirical, theoretical, and institutional analyses to gain new insights into many of its financial aspects. The first essay offers an alternative...
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The thesis analyzes monetary and labor policies under different market frictions. In the first part several versions of a microfounded dynamic general equilibrium model with monopolistic competitors in the product and/or labor market are derived and simulated. First of all, the monetary...
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die jeweiligen Implikationen dieser Sachverhalte für die Geldpolitik untersucht. Im ersten Aufsatz (gemeinsam mit Kai D … Standardmodell, Hysterese-Effekten unterliegt. Das bedeutet, dass das Produktionspotenzial von der Produktionslücke (der Abweichung … Modells mit Ergebnissen des Standardmodells. Die Berücksichtigung von Hysterese-Effekten ermöglicht eine stärkere …
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