This IMK Study is a documentation of the IMK's macro-econometric model of the German economy. Currently the model includes 48 behavioural equations, which are usually specified as error-correction equations, and 61 definitions. The model is based on seasonally unadjusted quarterly national...

Recent macro developments in the euro area have highlighted the interactions between fiscal policy, sovereign debt, and financial fragility. We take a structural macroeconomic model with frictions in the financial intermediation process, in line with recent research, but introduce asset choice...

In dieser Studie werden die makroökonomischen Auswirkungen verschiedener Fiskalkonsolidierungspläne von Ländern der Eurozone analysiert. Dafür wird ein theoretisch fundiertes makroökonomisches Modell genutzt. Die Eignung des Modells und die Wichtigkeit verschiedener Features wie...