replacement rate is lower than the current (post-reform) replacement rate in Germany. However, implementing the optimal …

In diesem Buch wird ein empirisches allgemeines Gleichgewichtsmodell für die Bundesrepublik Deutschland in ihrem …

This paper estimates a medium-scale open economy DSGE model for Germany and the rest of the Euro Area (REA). The … parameter estimates indicate that there is a modest degree of structural heterogeneity between Germany and the rest of the Euro … Area. In particular, (i) the private sector in Germany tends to adjust its capital stock faster than its counterpart in the …