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Post reunification economic fluctuations in Germany: a real business cycle interpretation

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  • Flor Michael

    (University of Augsburg)

Abstract

В статье рассматривается цикличность германской экономики до и после воссоединения 1990 года с точки зрения модели реального цикла деловой активности. Модель обеспечивает рамки для выбора и последовательного измерения переменных, характеризующих цикл. Использование калиброванной модели раскрывает ее потенциал для интерпретации данных. Основные выводызаключаются в следующем: i) неустойчивость большинства статистических временных рядов существенноне изменилось по сравнению с периодом до воссоединения, ii) Несмотря на многие концептуальные различия между европейской и американской системами бухгалтерской отчетности, калиброванные значения параметров немецкой экономики находятся в диапазоне значений, которые обычно используются в литературе по реальному циклу деловой активности, iii) модель ближе к данным периода до воссоединения.

Suggested Citation

  • Flor Michael, 2014. "Post reunification economic fluctuations in Germany: a real business cycle interpretation," Review of Business and Economics Studies, CyberLeninka;Федеральное государственное образовательное бюджетное учреждение высшего профессионального образования «Финансовый университет при Правительстве Российской Федерации» (Финансовый университет), issue 4, pages 5-17.
    • Handle: RePEc:scn:031730:15766731
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    3. Scharrer Christian, 2021. "The effects of financing rules in pay-as-you-go pension systems on the life and the business cycle," German Economic Review, De Gruyter, vol. 22(4), pages 489-511, November.
    4. Aleksandar Vasilev, 2017. "On the Cost of Opportunistic Behavior in the Public Sector: A General-Equilibrium Approach," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 19(2), pages 565-582, April.

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    More about this item

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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