We estimate a New Keynesian DSGE model on French, German, Italian, and Spanish data. The main aim of this paper is to check for the respective sets of parameters that are stable over time, making use of the ESS procedure (“Estimate of Set of Stable parameters”) developed by Inoue and Rossi...

Wirtschaftliche und technologische Überlegenheit ermöglicht eine Vormachtstellung, doch welche Faktoren erklären ökonomische Prosperität, und was entscheidet über Armut und Reichtum von Nationen? Zu diesem Thema fand am 23. und 24. Mai 2014 eine wissenschaftliche Tagung unter der Leitung...

This paper takes a fresh look at the often confused - and therefore confusing - debate on the role of wage policy in tackling Germany's unemployment problem. The key issues in this debate are the relative importance of wages and aggregate demand in the determination of employment, the...