Gadatsch, Niklas; Hauzenberger, Klemens; Stähler, Nikolai - 2014
In this paper, we use the estimated three-region DSGE model GEAR, which pictures Germany, the Euro Area and the Rest of … the world and which is used by the Deutsche Bundesbank for policy analysis, to analyze how discretionary fiscal policy in … Germany and the rest of EMU affected GDP growth and unemployment during the crisis. Not surprisingly, stimulus programmes …