A Long Run Structural Macroeconometric Model for Germany

The objective of this paper is to apply the method developed in Garratt, Lee, Pesaran, and Shin (2000) to build a structural model for Germany with a transparent and theoretically coherent foundation. The modelling strategy consists of a set of long-run structural relationships suggested by economic theory and an otherwise unrestricted VAR model. It turns out that we can rebuild the structure of the model in Garratt, Lee, Pesaran, and Shin (2003b) for German data. Five long run relations : PPP, UIP, production function, trade balance, and real money balance characterize the equilibrium state of Germany as an open economy in our structural model

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Year of publication:	2011
Authors:	Schneider, Elena
Other Persons:	Chen, Pu (contributor) ; Frohn, Joachim (contributor)
Publisher:	[2011]: [S.l.] : SSRN
Subject:	Deutschland \| Germany \| Makroökonometrie \| Macroeconometrics \| VAR-Modell \| VAR model \| Strukturgleichungsmodell \| Structural equation model \| Offene Volkswirtschaft \| Open economy \| Ölpreis \| Oil price

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Extent:	1 Online-Ressource (20 p)
Series:	Economics Discussion Paper ; No. 2007-47
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2007 erstellt
Other identifiers:	10.2139/ssrn.1716671 [DOI]
Classification:	C32 - Time-Series Models ; E24 - Employment; Unemployment; Wages
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013132405