Diese kumulative Dissertation analysiert eine Auswahl aktueller Themen in der dynamischen Makroökonomik sowie der Finanzierung des Staatshaushaltes. Die Kapitel dieser Dissertation teilen die gemeinsame Eigenschaft, dass sich sämtliche Aufsätze mit der Rolle von Wirtschaftspolitik in einem...

This paper presents a dynamic factor model in which the extracted factors and shocks are given a clear economic interpretation. The economic interpretation of the factors is obtained by means of a set of over-identifying loading restrictions, while the structural shocks are estimated following...

This paper presents a dynamic factor model in which the extracted factors and shocks are given a clear economic interpretation. The economic interpretation of the factors is obtained by means of a set of over-identifying loading restrictions, while the structural shocks are estimated following...