German and the rest of euro area fiscal policy during the crisis

We present the estimated large-scale three-region DSGE model GEAR picturing Germany, the Euro Area and the Rest of the world. Compared to existing models of this type, GEAR incorporates a comprehensive fiscal block, involuntary unemployment and a complex international structure. We use the model to...

Full description

Saved in:
Bibliographic details
Volume: 5/2015
Main Author: Gadatsch, Niklas
Hauzenberger, Klemens
Stähler, Nikolai
Format: Paper
Language: English
Place of publication: Frankfurt a. M Deutsche Bundesbank 2015
published in: Bundesbank Discussion Paper Vol. 5/2015
Data of publication: 2015
Subjects:
Online Access: Fulltext
Database: EconStor
Database information Databases - DBIS