Macroeconomic Modelling of the West German Economy
Author | : Bernhard Gahlen |
Publisher | : |
Total Pages | : 242 |
Release | : 1985 |
Genre | : |
ISBN | : |
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Author | : Bernhard Gahlen |
Publisher | : |
Total Pages | : 242 |
Release | : 1985 |
Genre | : |
ISBN | : |
Author | : Michael Reutter |
Publisher | : Springer Science & Business Media |
Total Pages | : 133 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 3642181597 |
This book was accepted in 1999 as doctoral thesis (Dr. oec. publ. ) by the faculty of economics of the Ludwig-Maximilians-Universitat in Munich. It won the dissertation price of the Alumni-Club of the economics faculty in the academic year 2000. Financial assistance by the German Research Asso ciation (DFG) for printing costs is gratefully acknowledged. I have to thank the people behind the B\'IF,X-project, in particular Donald Knuth and Leslie Lamport, for their wonderful typesetting program. The supervisors of my thesis were Prof. Dr. G. Flaig and Prof. Dr. D. Marin. I would like thank both for their thorough reading of the book and their ideas and critical remarks. lowe much gratitude to my academic teacher Prof. Dr. G. Flaig for many insightful conversations about modern time series econometrics, asymptotic theory and data problems. His empha sis on clear theory combined with sound econometric methods formed my personal ideal of how to do applied economics. After he left the university in 1998I had the opportunity to continue my work at the Center for Economic Studies. Prof. Dr. H. -W. Sinn and my new colleaguesat CES provided a stim ulating environment for the completion of my dissertation. Finally, I want to thank my parents, my sister and my friends for being there and sharing my cheers and worries. Munich, October 2000 Michael Reutter Our main concern in philosophy and in science should be the search fortruth. Justification is not an aim; and brilliance and cleverness as such are boring.
Author | : Bernhard Gahlen |
Publisher | : |
Total Pages | : 256 |
Release | : 1985 |
Genre | : Germany (West) |
ISBN | : |
Author | : Sigrid Mueller |
Publisher | : |
Total Pages | : 182 |
Release | : 1982 |
Genre | : |
ISBN | : |
Author | : Rüdiger Pohl |
Publisher | : |
Total Pages | : 182 |
Release | : 2002 |
Genre | : Economic forecasting |
ISBN | : |
Author | : Jan Gottschalk |
Publisher | : Springer |
Total Pages | : 288 |
Release | : 2009-09-02 |
Genre | : Business & Economics |
ISBN | : 9783540810070 |
Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past forty years. It shows that in recent years a convergence has taken place, with modern models embodying a Keynesian transmission mechanism, monetarist policy implication, and modeling techniques inspired by new classical economics and real business cycle theory. It also probes in which direction models may be extended from here. Empirically, the book uses different econometric techniques to investigate the relevance and implications of different macroeconomic theories for German data. A key question this book investigates is the role of demand and supply side conditions for the increase in the German unemployment rate. On a policy level, the book relates the implications of the different theories to the ongoing debate on the appropriate roles of demand and supply side policies for curing the German unemployment problem.
Author | : Matthew Kunkin |
Publisher | : |
Total Pages | : 468 |
Release | : 1989 |
Genre | : |
ISBN | : |
Author | : S. Nakamura |
Publisher | : Springer Science & Business Media |
Total Pages | : 307 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 3642464866 |
Author | : Mr.Tom Krebs |
Publisher | : International Monetary Fund |
Total Pages | : 42 |
Release | : 2013-02-13 |
Genre | : Business & Economics |
ISBN | : 1616350105 |
In 2005 the German government implemented the so-called Hartz IV reform, which amounted to a complete overhaul of the German unemployment insurance system and resulted in a significant reduction in unemployment benefits for the long-term unemployed. In this paper, we use an incomplete-market model with search unemployment to evaluate the macro-economic and welfare effects of the Hartz IV reform. We calibrate the model economy to German data before the reform and then use the calibrated model economy to simulate the effects of Hartz IV. In our baseline calibration, we find that the reform has reduced the long-run (noncyclical) unemployment rate in Germany by 1.4 percentage points. We also find that the welfare of employed households increases, but the welfare of unemployed households decreases even with moderate degree of risk aversion.
Author | : Masson Paul R |
Publisher | : World Scientific |
Total Pages | : 428 |
Release | : 2019-07-23 |
Genre | : Business & Economics |
ISBN | : 9811201730 |
This book presents articles that focus on the inter-related issues of choice of exchange rate and monetary policy regimes, and others that use a global macroeconomic model developed by the author and collaborators to quantify the effects of the 'baby boom' on global imbalances, costs of disinflation, and the effects of German unification. The book presents new analysis of the euro-zone experience and its applicability to other monetary unions, as well as a discussion of the prerequisites for successful inflation targeting. It is grounded in real-world data, readily accessible to non-specialists, and addresses important economic policy issues.