| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5055497 | Economic Modelling | 2012 | 8 Pages |
Abstract
⺠We estimate the AD and AS curves of a macroeconometric model for Germany. ⺠We determine the influence of an endogenized government sector on AD/AS. ⺠On average model elasticities meet expectations from macroeconomic theory. ⺠The short-term AS curve is flat implying strong real effects from demand shocks. ⺠The income effect of a wage shock dominates model reactions in the first year.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Ullrich Heilemann, Hagen Findeis,