History, expectations, and public policy: economic development in Eastern Germany:
Motivated by the process of economic development in Eastern Germany since the German reunification we set up a dynamic macroeconomic model of a small open economy where both capital and labor are mobile and there are increasing returns to scale at the aggregate level. The model features multiple equ...
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Munich
CESifo
2010
|
| Series: | CESifo working papers
3184 : Category 6, Fiscal policy, macroeconomics and growth |
| Online Access: | Volltext |
| Summary: | Motivated by the process of economic development in Eastern Germany since the German reunification we set up a dynamic macroeconomic model of a small open economy where both capital and labor are mobile and there are increasing returns to scale at the aggregate level. The model features multiple equilibria as well as (local and global) indeterminacy. Expectations matter for resulting equilibrium dynamics, implying that economic confidence may be crucial for the process of economic development. Despite its simplicity, the model can replicate major empirical facts and bears a number of non-trivial implications |
| Item Description: | Literaturangaben. - Zusätzliches Online-Angebot unter www.SSRN.com, www.RePEc.org und www.CESifo-group.org/wp |
| Physical Description: | 34 S. graph. Darst. 21 cm |
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| id | DE-604.BV036795644 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T22:48:25Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-020711963 |
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| physical | 34 S. graph. Darst. 21 cm |
| psigel | ebook |
| publishDate | 2010 |
| publishDateSearch | 2010 |
| publishDateSort | 2010 |
| publisher | CESifo |
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| spelling | Schäfer, Andreas 1970- Verfasser (DE-588)171921860 aut History, expectations, and public policy: economic development in Eastern Germany Andreas Schäfer ; Thomas Steger. Center for Economic Studies & Ifo Institute for Economic Research Munich CESifo 2010 34 S. graph. Darst. 21 cm txt rdacontent n rdamedia nc rdacarrier CESifo working papers 3184 : Category 6, Fiscal policy, macroeconomics and growth Literaturangaben. - Zusätzliches Online-Angebot unter www.SSRN.com, www.RePEc.org und www.CESifo-group.org/wp Motivated by the process of economic development in Eastern Germany since the German reunification we set up a dynamic macroeconomic model of a small open economy where both capital and labor are mobile and there are increasing returns to scale at the aggregate level. The model features multiple equilibria as well as (local and global) indeterminacy. Expectations matter for resulting equilibrium dynamics, implying that economic confidence may be crucial for the process of economic development. Despite its simplicity, the model can replicate major empirical facts and bears a number of non-trivial implications Steger, Thomas M. 1966- Verfasser (DE-588)171848659 aut CESifo GmbH <München> CESifo working paper series 3184 (DE-604)BV013978326 3184 http://www.cesifo-group.de/portal/pls/portal/docs/1/1185234.PDF Verlag kostenfrei Volltext |
| spellingShingle | Schäfer, Andreas 1970- Steger, Thomas M. 1966- History, expectations, and public policy: economic development in Eastern Germany |
| title | History, expectations, and public policy: economic development in Eastern Germany |
| title_auth | History, expectations, and public policy: economic development in Eastern Germany |
| title_exact_search | History, expectations, and public policy: economic development in Eastern Germany |
| title_full | History, expectations, and public policy: economic development in Eastern Germany Andreas Schäfer ; Thomas Steger. Center for Economic Studies & Ifo Institute for Economic Research |
| title_fullStr | History, expectations, and public policy: economic development in Eastern Germany Andreas Schäfer ; Thomas Steger. Center for Economic Studies & Ifo Institute for Economic Research |
| title_full_unstemmed | History, expectations, and public policy: economic development in Eastern Germany Andreas Schäfer ; Thomas Steger. Center for Economic Studies & Ifo Institute for Economic Research |
| title_short | History, expectations, and public policy: economic development in Eastern Germany |
| title_sort | history expectations and public policy economic development in eastern germany |
| url | http://www.cesifo-group.de/portal/pls/portal/docs/1/1185234.PDF |
| volume_link | (DE-604)BV013978326 |
| work_keys_str_mv | AT schaferandreas historyexpectationsandpublicpolicyeconomicdevelopmentineasterngermany AT stegerthomasm historyexpectationsandpublicpolicyeconomicdevelopmentineasterngermany |