An estimated two-country DSGE model of Austria and the Euro Area

We present a two-country New Open Economy Macro model of the Austrian economy within the European Union's Economic & Monetary Union (EMU). The model includes both nominal and real frictions that have proven to be important in matching business cycle facts, and that allows for an investigati...

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Bibliographic Details
Main Authors: Breuss, Fritz, Rabitsch, Katrin
Format: Others
Language:en
Published: Europainstitut, WU Vienna University of Economics and Business 2008
Subjects:
Online Access:http://epub.wu.ac.at/558/1/document.pdf