Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/37369 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorRöhe, Okeen
dc.contributor.authorJerger, Jürgenen
dc.date.accessioned2010-08-11T09:02:02Z-
dc.date.available2010-08-11T09:02:02Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/37369-
dc.description.abstractIn this paper, we estimate a New Keynesian DSGE model developed by Ireland (2003) on French, German and Spanish data with the aim to explore the macroeconomic consequences of EMU. In order to validate the results from the DSGE model, we amend this analysis by stability tests of monetary policy reaction functions for these countries. We find that (a) the DSGE structure is well suited for the characterization of key macroeconomic features of the three economies; (b) significant efficiency gains were realized in terms of lower adjustment cost of prices and the capital stock; (c) the behavior of monetary policy did not change in Germany, unlike in France and Spain. Specifically, the impact of inflation on interest rates increased considerably in the two latter countries.en
dc.language.isoengen
dc.publisher|aVerein für Socialpolitik |cFrankfurt a. M.en
dc.relation.ispartofseries|aBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Economic Policy in the EMU |xF16-V2en
dc.subject.jelE31en
dc.subject.jelE32en
dc.subject.jelE52en
dc.subject.ddc330en
dc.subject.keywordDSGEen
dc.subject.keywordMonetary Policyen
dc.subject.keywordEMUen
dc.titleThe Macroeconomic Consequences of EMU: International Evidence from a DSGE Model-
dc.typeConference Paperen
dc.identifier.ppn655704256en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Datei(en):
Datei
Größe





Publikationen in EconStor sind urheberrechtlich geschützt.