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Zur Finanzierung der deutschen Einigung - Eine optimal control-Analyse mit dem RWI-Konjunkturmodel

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Heilemann, U., Barabas, G. Zur Finanzierung der deutschen Einigung - Eine optimal control-Analyse mit dem RWI-Konjunkturmodel. Journal of Contextual Economics – Schmollers Jahrbuch, 119(3), 373-398. https://doi.org/10.3790/schm.119.3.373
Heilemann, Ullrich and Barabas, György "Zur Finanzierung der deutschen Einigung - Eine optimal control-Analyse mit dem RWI-Konjunkturmodel" Journal of Contextual Economics – Schmollers Jahrbuch 119.3, 1999, 373-398. https://doi.org/10.3790/schm.119.3.373
Heilemann, Ullrich/Barabas, György (1999): Zur Finanzierung der deutschen Einigung - Eine optimal control-Analyse mit dem RWI-Konjunkturmodel, in: Journal of Contextual Economics – Schmollers Jahrbuch, vol. 119, iss. 3, 373-398, [online] https://doi.org/10.3790/schm.119.3.373

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Zur Finanzierung der deutschen Einigung - Eine optimal control-Analyse mit dem RWI-Konjunkturmodel

Heilemann, Ullrich | Barabas, György

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 119 (1999), Iss. 3 : pp. 373–398

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Article Details

Heilemann, Ullrich

Barabas, György

Abstract

The paper analyses the possibilities of West German fiscal policy as to an optimal financing of unification with respect to economic growth, price stability and public deficit during the period 1991 to 1993. The instruments employed are the most important items on the revenue and expenditure side of the government budget. The problem was solved by a multi-criteria decision making method (reference-point approach), the model used was the macroeconometric RWI-business cycle model. All in all, being aware of the limitations of this kind of simulation exercises, German fiscal policy in this period seems to have been not so far away from an optimal fiscal policy mix as often assumed.