Pytlarczyk, Ernest - Deutsche Bundesbank - 2005
studies, accounts for heterogeneity within the euro area. We advance the empirical literature by estimating an open … framework. In the estimation we utilize disaggregated information, employing single country data, along with the aggregated EMU … simple tworegion DSGE model, with a particular focus on analyzing the German economy within EMU, and its Bayesian estimation …