Meyer, Bernd; Lutz, Christian; Schnur, Peter; Zika, Gerd - In: Economic Systems Research 19 (2007) 1, pp. 37-55
Policy simulations for national economies with econometric models, in general, are done using a standalone national model with exogenous export values and import prices. In a globalised world, such an exercise is critical, since the policy in question may change the export prices and the import...