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IWH Macroeconomic Outlook 2020 Global Economy Slowly Gains Momentum – But Germany still...
East Germany Rearguard Only investments in education will lead to a further catch-up ...
Inference in Structural Vector Autoregressions when the Identifying Assumptions are not Fully Believed: Re-evaluating the Role of Monetary Policy in Economic Fluctuations
Journal of Monetary Economics,
Point estimates and error bands for SVARs that are set identified are only justified if the researcher is persuaded that some parameter values are a priori more plausible than others. When such prior information exists, traditional approaches can be generalized to allow for doubts about the identifying assumptions. We use information about both structural coefficients and impacts of shocks and propose a new asymmetric t-distribution for incorporating information about signs in a nondogmatic way. We apply these methods to a three-variable macroeconomic model and conclude that monetary policy shocks are not the major driver of output, inflation, or interest rates.
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IWH FDI Micro Database
IWH FDI Micro Database The IWH FDI Micro Database (FDI = Foreign Direct...
The Minimum Wage Effects on Skilled Crafts Sector in Saxony-Anhalt ...
Transformation tables for administrative borders in Germany
Transformation tables for administrative borders in Germany The state has the ability...
Transformation tables for administrative borders in Germany – data In order to...
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