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McGrattan (2007, Econometrica) for the Great Recession and the associated stimulus program in Germany 2008-2009. We include …
Persistent link: https://www.econbiz.de/10012236598
In this paper, we analyse the effects of the stimulus packages adopted by the German government during the Great Recession. We employ a standard mediumscale dynamic stochastic general equilibrium (DSGE) model extended by nonoptimising households and a detailed fiscal sector. In particular, the...
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McGrattan (2007, Econometrica) for the Great Recession and the associated stimulus program in Germany 2008-2009. We include …
Persistent link: https://www.econbiz.de/10012253072
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Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past …
Persistent link: https://www.econbiz.de/10014014221