Dynamic Stochastic General Equilibrium (DSGE) models have become a
standard tool in various fields of economics. This type of models
has a superior theoretical foundation when compared to the
Keynesian models which are traditionally used for policy analysis
and forecasting. Although a lot has been done to improve the
empirical properties of DSGE models, there is still a need for
further research in this field. In this book, the author first
considers a closed economy general equilibrium framework to
empirically validate the alternative mechanisms for introducing
nominal rigidities. As the comparison is done in the context of the
Euro area aggregate data, the results provide guidance to
researchers dealing with estimation of Euro area DSGE models in
general. In the second part of the book, a coherent economic and
statistical framework that approximates the structure of the EMU
and explicitly accounts for the historical monetary regime change
is presented. In such a framework the disaggregate information on
the Euro area can be utilized, so that one can explain the
area-wide aggregates, and also examine the cross-region linkages.
General
Imprint: |
VDM Verlag Dr. Mueller E.K.
|
Country of origin: |
Germany |
Release date: |
October 2007 |
First published: |
October 2007 |
Authors: |
Ernest Pytlarczyk
|
Dimensions: |
244 x 170 x 14mm (L x W x T) |
Format: |
Paperback - Trade
|
Pages: |
260 |
ISBN-13: |
978-3-8364-2480-6 |
Categories: |
Books >
Business & Economics >
Business & management >
General
|
LSN: |
3-8364-2480-0 |
Barcode: |
9783836424806 |
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