This paper presents findings of a study of the economic impacts of climate change adaptation. To estimate these impacts on the German economy and its individual sectors we follow a two-step approach: firstly, we estimate the damages resulting from recurring flood events and heat waves, based on...

INFORGE (Interindustry Forecasting Germany) ist ein seit Anfang der 90er Jahre fortlaufend aktualisiertes und weiterentwickeltes makroökonometrisches Modell, das basierend auf den amtlichen Volkswirtschaftlichen Gesamtrechnungen (VGR) des Statistischen Bundesamtes (StBA) die wirtschaftliche...

[Einleitung] Verteilungsfragen sind traditionell eine Domäne der Sozialwissenschaften gewesen, im Bereich der Umweltökonomik spielten sie jedoch jahrelang eher eine untergeordnete Rolle. Da jeder (wirtschafts-)politischer Eingriff Verteilungswirkungen nach sich zieht, sind diese auch bei den...

Das LÄNDER-Modell wurde zur Analyse und Prognose des Strukturwandels auf der Ebene der 16 Bundesländer entwickelt. Das Modell ermöglicht Szenario- und Projektionsrechnungem im Kontext arbeitsmarktspezifischer oder umweltökonomischer Entwicklungen. Die Modellierung basiert auf...

GINFORS (Global INterindustry FORecasting System) represents a state–of–the–art tool for integrated quantitative policy assessments of long run economic developments and associated pressures on the environment. Its empirical modelling framework rests on national input–output accounts which...

This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model encompasses an approximate linear panel dynamic stochastic general equilibrium model featuring a monetary transmission...

Während die von der Quantitätstheorie vorhergesagte Langfristbeziehung zwischen Geld und Inflation gut dokumentiert ist, sind die Ergebnisse empirischer Studien zum kurzfristigen Anpassungsprozess wenig aufschlussreich. Die diesbezügliche Literatur, die versucht, die Gültigkeit der...

Several approaches for subset recovery and improved forecasting accuracy have been proposed and studied. One way is to apply a regularization strategy and solve the model selection task as a continuous optimization problem. One of the most popular approaches in this research field is given by...

This paper is concerned with ex ante and ex post counterfactual analyses in the case of macroeconometric applications where a single unit is observed before and after a given policy intervention. It distinguishes between cases where the policy change affects the model's parameters and where it...

This paper is concerned with ex ante and ex post counterfactual analyses in the case of macroeconometric applications where a single unit is observed before and after a given policy intervention. It distinguishes between cases where the policy change affects the model's parameters and where it...

We extend the method of indirect inference testing to data that is not filtered and so may be non-stationary. We apply the method to an open economy real business cycle model on UK data. We review the method using a Monte Carlo experiment and find that it performs accurately and has good power....

In the aftermath of the global financial crisis, the state of macroeconomic modeling and the use of macroeconomic models in policy analysis has come under heavy criticism. Macroeconomists in academia and policy institutions have been blamed for relying too much on a particular class of...

This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model features a monetary transmission mechanism, a fiscal transmission mechanism, and extensive macrofinancial linkages, both within...

The determination of the $/£ exchange rate is studied in a small symmetric macroeconometric model including UK-US differentials in inflation, output gap, short and long-term interest rates for the four decades since the breakdown of Bretton Woods. The key question addressed is the possible...

MMRF is a dynamic CGE model of Australia s six State and two Territory economies. MMRF is used extensively in contract research. Several features of MMRF make it an ideal tool for policy analysis, including: dynamics, a highly disaggregated regional and sectoral database, a national labour...