Stähler, Nikolai; Gadatsch, Niklas; Hauzenberger, Klemens - Verein für Socialpolitik - VfS - 2014
In this paper, we use the estimated three-region DSGE model GEAR, which pictures Germany, the Euro Area and the Rest of … Germany and the rest of EMU affected GDP growth and unemployment during the crisis. Not surprisingly, stimulus programmes … the Euro Area in terms of annualized quarter-on quarter growth rates. The main driver for the evolution of GDP were rest …