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Title:Investigating the impact of an appreciation of the euro in a small macroeconometric model of Germany and the euro area PDF Logo
Authors:Meier, Carsten-Patrick
Issue Date:2004
Series/Report no.:Kieler Arbeitspapiere 1204
Abstract:Since the start of European monetary union, the macroeconomic situation in Germany can in many respects only be analyzed in combination with the situation in the rest of the euro area. To take this into account, a small macroeconometric model is constructed that models the euro area as consisting of two regions, Germany and the rest of the euro area. The rest of the world is treated as exogenous. Given problems with modelling the relevant relationships in a standard vector autoregression approach, the model is set up as a dynamic simultaneous equations model. The model is used to study the impact of monetary policy or of exchange rate changes on economic activity in Germany and the euro area.
Subjects:Macroeconometric model for Germany , euro area , appreciation
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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