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dc.contributor.authorChen, Puen_US
dc.contributor.authorSchneider, Elenaen_US
dc.contributor.authorFrohn, Joachimen_US
dc.date.accessioned2009-01-28T15:05:17Z-
dc.date.available2009-01-28T15:05:17Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/17970-
dc.description.abstractThe objective of this paper is to apply the method developed in Garratt, Lee, Pesaran, and Shin (2000) to build a structural model for Germany with a transparent and theoretically coherent foundation. The modelling strategy consists of a set of long-run structural relationships suggested by economic theory and an otherwise unrestricted VAR model. It turns out that we can rebuild the structure of the model in Garratt, Lee, Pesaran, and Shin (2003b) for German data. Five long run relations : PPP, UIP, production function, trade balance, and real money balance characterize the equilibrium state of Germany as an open economy in our structural model.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kiel-
dc.relation.ispartofseriesEconomics Discussion Papers / Institut für Weltwirtschaft 2007-47en_US
dc.subject.jelC32en_US
dc.subject.jelE24en_US
dc.subject.ddc330en_US
dc.subject.keywordLong-Run Structural VARen_US
dc.subject.keywordMacroeconomic Modellingen_US
dc.subject.keywordA structural Model for Germanyen_US
dc.subject.keywordOil Price Shocken_US
dc.titleA Long Run Structural Macroeconometric Model for Germanyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn558413234en_US
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.en-
dc.identifier.repecRePEc:zbw:ifwedp:6174-
Appears in Collections:Economics: The Open-Access, Open-Assessment E-Journal - Discussion Papers

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