Drygalla, Andrej; Holtemöller, Oliver; Kiesel, Konstantin - 2018
Recession, suggesting a timely response of fiscal policy. The overall effects, however, are small when compared to other … Recession. We employ a standard mediumscale dynamic stochastic general equilibrium (DSGE) model extended by nonoptimising …In this paper, we analyse the effects of the stimulus packages adopted by the German government during the Great …