A continuous time cyclical growth model for the Federal Republic of Germany: Construction, estimation and analysis
AbstractThis paper seeks to unify and extend a number of recent directions in macro-economic research. Firstly, there has been a tendency to introduce new factors and to unify their treatment. Thus imported raw materials together with floating exchange rates are now an established part of the literature. This has naturally led to the introduction of real wage rigidity as an essential element in the study of transmission of impulses between countries. Yet the unified treatment of such factors in a macro-econometric model is rare, the empirical work being mainly of the Single equation on reduced form variety. The empirical work on real wages and employment is a good example (see Sachs, 1983, for a review). In addition most macro-econometric modeis are Keynesian in construction, the supply side being relatively poorly developed.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 219.
Date of creation: 1984
Date of revision:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Stutzer, Michael J., 1980. "Chaotic dynamics and bifurcation in a macro model," Journal of Economic Dynamics and Control, Elsevier, vol. 2(1), pages 353-376, May.
- Hendry, David F, 1980. "Econometrics-Alchemy or Science?," Economica, London School of Economics and Political Science, vol. 47(188), pages 387-406, November.
- Leamer, Edward E & Leonard, Herman B, 1983. "Reporting the Fragility of Regression Estimates," The Review of Economics and Statistics, MIT Press, vol. 65(2), pages 306-17, May.
- Blanchard, Olivier Jean & Kahn, Charles M, 1980. "The Solution of Linear Difference Models under Rational Expectations," Econometrica, Econometric Society, vol. 48(5), pages 1305-11, July.
- Tinsley, P A, 1971. "A Variable Adjustment Model of Labor Demand," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 12(3), pages 482-510, October.
- Michael J. Stutzer, 1980. "Chaotic dynamics and bifurcation in a macro model," Staff Report 55, Federal Reserve Bank of Minneapolis.
- Nadiri, M Ishaq & Rosen, Sherwin, 1969. "Interrelated Factor Demand Functions," American Economic Review, American Economic Association, vol. 59(4), pages 457-71, Part I Se.
- Paul S. Armington, 1969. "A Theory of Demand for Products Distinguished by Place of Production (Une thÃ©orie de la demande de produits diffÃ©renciÃ©s d'aprÃ¨s leur origine) (Una teorÃa de la demanda de productos dis," IMF Staff Papers, Palgrave Macmillan, vol. 16(1), pages 159-178, March.
- Klodt, Henning, 1986. "Lohnquote und Beschäftigung - die Lohnlücke," Open Access Publications from Kiel Institute for the World Economy 1313, Kiel Institute for the World Economy (IfW).
- Klodt, Henning, 1985. "Lohnquote und Beschäftigung - die Lohnlücke," Kiel Working Papers 230, Kiel Institute for the World Economy.
- Dicke, Hugo & Glismann, Hans H., 1985. "Die industrielle Entwicklung der OPEC-Staaten und ihre Rückwirkungen auf die Wirtschaft der Bundesrepublik Deutschland," Kiel Working Papers 231, Kiel Institute for the World Economy.
- Gerken, Egbert, 1986. "The determinants of European agricultural trade interference," Kiel Working Papers 254, Kiel Institute for the World Economy.
- Gerken, Egbert & Gross, Martin, 1985. "A structural policy model for the Federal Republic of Germany," Kiel Working Papers 240, Kiel Institute for the World Economy.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dieter Stribny).
If references are entirely missing, you can add them using this form.