Gadatsch, Niklas; Hauzenberger, Klemens; Stähler, Nikolai - 2014
In this paper, we use the estimated three-region DSGE model GEAR, which pictures Germany, the Euro Area and the Rest of … the Euro Area in terms of annualized quarter-on quarter growth rates. The main driver for the evolution of GDP were rest … Germany to the rest of the Euro Area and vice versa. This latter finding is confirmed by an impulse-response analysis and by …
