Gadatsch, Niklas; Hauzenberger, Klemens; Stähler, Nikolai - 2015
Euro Area affected GDP growth during the global financial crisis. Our analysis suggests that spillovers of fiscal policy …We present the estimated large-scale three-region DSGE model GEAR picturing Germany, the Euro Area and the Rest of the … and a complex international structure. We use the model to evaluate spillovers of fiscal policy, to calculate various …