Download Econometric Decision Models: Proceedings of a Conference by Josef Gruber (auth.), Prof. Dr. Josef Gruber Ph.D. (eds.) PDF

By Josef Gruber (auth.), Prof. Dr. Josef Gruber Ph.D. (eds.)

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Extra resources for Econometric Decision Models: Proceedings of a Conference Held at the University of Hagen, West Germany, June 19–20, 1981

Example text

_--- -. - "" . ,. ;';;, .. 75,3 - / ......... 75,4'/ 16-,"'. / .. " Simulation: run 1 run 2 . ____ . _ .. _. -. /. / ----. ,. - . - .. - -- . - 76,1 76,2 UQ 1 .. - ' - ' . - .. =~:~ ----" . 75,3 75,4 76,1 76,2 75,3 75,4 Simulation: run 1 run 3 76,1 76,2 38 . \ IBST62JW 40 \ 30 ....... 20 3,5 '. 10 '\.. \ \ '\.. -' -1 -2 - Simulation: run 1 run 3 Simulation of actual development and runs 1 and 3 Preferring price stability also leads to a quicker decrease of unemployment compared with the actual development.

75,3 75,4 76,1 76,2 75,3 75,4 Simulation: run 1 run 3 76,1 76,2 38 . \ IBST62JW 40 \ 30 ....... 20 3,5 '. 10 '\.. \ \ '\.. -' -1 -2 - Simulation: run 1 run 3 Simulation of actual development and runs 1 and 3 Preferring price stability also leads to a quicker decrease of unemployment compared with the actual development. Degree of capacity utilization and growth rate of real GNP are likewise higher than in the simulation run. Prices rise as in the simulation. Income taxes and social security taxes are lowered.

75,3 - / ......... 75,4'/ 16-,"'. / .. " Simulation: run 1 run 2 . ____ . _ .. _. -. /. / ----. ,. - . - .. - -- . - 76,1 76,2 UQ 1 .. - ' - ' . - .. =~:~ ----" . 75,3 75,4 76,1 76,2 75,3 75,4 Simulation: run 1 run 3 76,1 76,2 38 . \ IBST62JW 40 \ 30 ....... 20 3,5 '. 10 '\.. \ \ '\.. -' -1 -2 - Simulation: run 1 run 3 Simulation of actual development and runs 1 and 3 Preferring price stability also leads to a quicker decrease of unemployment compared with the actual development.

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