Title page for etd-0131113-122750


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URN etd-0131113-122750
Author Yi-Shiuan Liu
Author's Email Address No Public.
Statistics This thesis had been viewed 5589 times. Download 185 times.
Department Economics
Year 2012
Semester 1
Degree Master
Type of Document
Language zh-TW.Big5 Chinese
Title The great moderation : A case for Germany
Date of Defense 2012-06-19
Page Count 58
Keyword
  • fiscal policy
  • German history
  • markov switching model
  • the great moderation
  • time varying structural VAR model
  • good luck
  • monetary policy
  • Abstract In this paper, we employ Markov Switching Model in Summers(2009) to document a structural date in the volatility of Germany GDP growth. Moreover, we use a Time Varying Structural VAR with stochastic volatility model in Primiceri (2005) to examine the main causes of the Great Moderation in Germany. The break date, however, differs among countries. Most of them are in 1980s, but the break date of Germany is at the fourth quarter of 1993. Although it finds that the three main reasons lead to the Great Moderation(Good luck, inventory investment and good policy) in many literatures, it is the discretionary fiscal policy that causes the Great Moderation in Germany.
    Advisory Committee
  • Chun-Ping Chang - chair
  • Yung-Nian Tung - co-chair
  • Yung-Hsiang Ying - advisor
  • Files
  • etd-0131113-122750.pdf
  • Indicate in-campus at 5 year and off-campus access at 5 year.
    Date of Submission 2013-01-31

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