The Resource An estimated two-country DSGE model of Austria and the Euro area, (electronic resource)
An estimated two-country DSGE model of Austria and the Euro area, (electronic resource)
Resource Information
The item An estimated two-country DSGE model of Austria and the Euro area, (electronic resource) represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in European University Institute.This item is available to borrow from 1 library branch.
Resource Information
The item An estimated two-country DSGE model of Austria and the Euro area, (electronic resource) represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in European University Institute.
This item is available to borrow from 1 library branch.
- Summary
- We present a two-country New Open Economy Macro model of the Austrian economy within the European Union's Economic & Monetary Union (EMU). The model includes both nominal and real frictions that have proven to be important in matching business cycle facts, and that allows for an investigation of the e®ects and cross-country transmission of a number of structural shocks: shocks to technolo- gies, shocks to preferences, cost-push type shocks and policy shocks. The model is estimated using Bayesian methods on quarterly data covering the period of 1976:Q1- 2005:Q1. In addition to the assessment of the relative importance of various shocks, the model also allows to investigate e®ects of the monetary regime switch with the n̄al stage of the EMU and investigates in how far this has altered macroeconomic transmission. We n̄d that Austria's economy appears to react stronger to demand shocks, while in the rest of the Euro Area supply shocks have a stronger impact. Comparing the estimations on pre-EMU and EMU subsamples we n̄d that the con- tribution of (rest of the) Euro Area shocks to Austria's business cycle °uctuations has increased signic̄antly
- Language
- eng
- Extent
- 64 pages.
- Label
- An estimated two-country DSGE model of Austria and the Euro area
- Title
- An estimated two-country DSGE model of Austria and the Euro area
- Language
- eng
- Summary
- We present a two-country New Open Economy Macro model of the Austrian economy within the European Union's Economic & Monetary Union (EMU). The model includes both nominal and real frictions that have proven to be important in matching business cycle facts, and that allows for an investigation of the e®ects and cross-country transmission of a number of structural shocks: shocks to technolo- gies, shocks to preferences, cost-push type shocks and policy shocks. The model is estimated using Bayesian methods on quarterly data covering the period of 1976:Q1- 2005:Q1. In addition to the assessment of the relative importance of various shocks, the model also allows to investigate e®ects of the monetary regime switch with the n̄al stage of the EMU and investigates in how far this has altered macroeconomic transmission. We n̄d that Austria's economy appears to react stronger to demand shocks, while in the rest of the Euro Area supply shocks have a stronger impact. Comparing the estimations on pre-EMU and EMU subsamples we n̄d that the con- tribution of (rest of the) Euro Area shocks to Austria's business cycle °uctuations has increased signic̄antly
- Cataloging source
- IT-FiEUI
- http://library.link/vocab/creatorDate
- 1944-
- http://library.link/vocab/creatorName
- Breuss, Fritz
- Index
- no index present
- Literary form
- non fiction
- Nature of contents
- dictionaries
- http://library.link/vocab/relatedWorkOrContributorName
-
- AUTHOR
- Rabitsch, Katrin
- Wirtschaftsuniversität Wien
- Series statement
- EI working papers
- Series volume
- 78
- Label
- An estimated two-country DSGE model of Austria and the Euro area, (electronic resource)
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier.
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent.
- Control code
- FIEb14731265
- Extent
- 64 pages.
- Form of item
- electronic
- Media category
- computer
- Media MARC source
- rdamedia.
- Media type code
-
- c
- Specific material designation
- remote
- System control number
- (OCoLC)1088491973
- Label
- An estimated two-country DSGE model of Austria and the Euro area, (electronic resource)
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier.
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent.
- Control code
- FIEb14731265
- Extent
- 64 pages.
- Form of item
- electronic
- Media category
- computer
- Media MARC source
- rdamedia.
- Media type code
-
- c
- Specific material designation
- remote
- System control number
- (OCoLC)1088491973
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.eui.eu/portal/An-estimated-two-country-DSGE-model-of-Austria/SoPPnci1P4M/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.eui.eu/portal/An-estimated-two-country-DSGE-model-of-Austria/SoPPnci1P4M/">An estimated two-country DSGE model of Austria and the Euro area, (electronic resource)</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.eui.eu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.eui.eu/">European University Institute</a></span></span></span></span></div>
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.eui.eu/portal/An-estimated-two-country-DSGE-model-of-Austria/SoPPnci1P4M/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.eui.eu/portal/An-estimated-two-country-DSGE-model-of-Austria/SoPPnci1P4M/">An estimated two-country DSGE model of Austria and the Euro area, (electronic resource)</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.eui.eu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.eui.eu/">European University Institute</a></span></span></span></span></div>
