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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17970| Title: | A Long Run Structural Macroeconometric Model for Germany |
| Keywords: | C32 E24 ddc:330 Long-Run Structural VAR Macroeconomic Modelling A structural Model for Germany Oil Price Shock |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | The objective of this paper is to apply the method developed in Garratt, Lee, Pesaran, and Shin (2000) to build a structural model for Germany with a transparent and theoretically coherent foundation. The modelling strategy consists of a set of long-run structural relationships suggested by economic theory and an otherwise unrestricted VAR model. It turns out that we can rebuild the structure of the model in Garratt, Lee, Pesaran, and Shin (2003b) for German data. Five long run relations : PPP, UIP, production function, trade balance, and real money balance characterize the equilibrium state of Germany as an open economy in our structural model. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17970 |
| Other Identifiers: | http://hdl.handle.net/10419/17970 ppn:558413234 RePEc:zbw:ifwedp:6174 |
| Appears in Collections: | EconStor |
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