Different stochastic simulation methods are used in order to check the robustness of the outcome of policy simulations. The application of a macroeconometric disequilibrium model of the West German economy to a fiscal policy simulation is taken as an example. Due to nonlinearities arising from...

Gegenstand dieses Beitrags ist die aktuelle und aufgrund der Integration des Staatssektors und des Kreditmarktes nun vollständige Version des Konstanzer aggregierten Ungleichgewichtsmodells für die westdeutsche Volkswirtschaft für den Zeitraum von 1960 bis 1994. Nach einem kurzen Überblick...

This paper examines the employment effects of a revenue-neutral cut in the social security contribution rate in Germany by running policy simulations in four different types of macroeconomic models. Two models are based on time-series data where the labor market is modeled basically demand...

Inhalt dieses Beitrags ist die Simulation einer alternativen Geldpolitik der Deutschen Bundesbank mit Hilfe eines makrookonometrischen Ungleichgewichtsmodells. Dazu wird nach einem kurzen Überblick über das Modell für den Zeitraum 1985 bis 1988 eine Geldmengenentwicklung unterstellt, die sich...

In this paper a macroeconometric disequilibrium model for West Germany is presented and its quality for policy simulations and forecasting are analyzed using stochastic in-sample simulations. The model is built on a dynamic disequilibrium model of firms' behaviour. Due to delayed adjustment of...

This paper attempts to evaluate the impact of current and future immigration flows on major macroeconomic variables of the West German economy. The analysis is based on a macroeconometric disequilibrium model for the West German economy. This model is extended until 1995 and used for several...

This paper attempts to evaluate economic effects of migration into Germany on the basis of a macroeconometric disequilibrium model. Germany has the advantage of having experience with migratory movements of guestworkers. There was a tremendous infiow of those workers in the sixties as well as an...

This paper attempts to evaluate the impact of current and future immigration flows on major macroeconomic variables of the West German economy. The analysis is based on a macroeconometric disequilibrium model for the West German economy. This model is extended until 1995 and used for several...