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)

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
Creator
Contributor
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
Member of
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)
Link
http://epub.wu.ac.at/cgi/search/simple?q=ei+working+papers&_action_search=Search&_order=bytitle&basic_srchtype=ALL&_satisfyall=ALL
Instantiates
Publication
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)
Link
http://epub.wu.ac.at/cgi/search/simple?q=ei+working+papers&_action_search=Search&_order=bytitle&basic_srchtype=ALL&_satisfyall=ALL
Publication
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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