Construction and Bayesian estimation of DSGE models for the Euro area [Elektronische Ressource] / vorgelegt von Ernest Pytlarczyk

Construction and Bayesian Estimation of DSGE Models for theEuro AreaDISSERTATIONzur Erlangung des akademischen Gradeseines Doktorsder Wirtschafts- und Sozialwissenschaften(Dr. rer. pol.)des Departments Wirtschaftswissenschaftender Universität Hamburgvorgelegt vonMSc Ernest Pytlarczykaus WarschauHamburg, den 13. Dezember 2006Mitglieder der Promotionskommission:Vorsitzender: Prof. Dr. Georg HasenkampErstgutachter: Prof. Dr. Bernd LuckeZweitgutachter: Prof. Dr. Michael FunkeDas wissenschaftliche Gespräch fand am 16. Mai 2007 statt.iACKNOWLEDGEMENTSManypeoplehavehelpedmeinvariouswayswhileIwasworkingonthisthesis. Greatestthanksare due to Bernd Lucke, my supervisor, for his comments, helpful advice, guidance and continuoussupport. Special thanks go to Matthias Paustian for cooperation on the joint research project andsuggestions on earlier drafts of my thesis. I am also grateful to Heinz Herrmann, the head of theBundesbank research centre, for giving me the opportunity to conduct part of my research at theBundesbank. I would also like to thank Michel Juillard and Stephane Adjemian, both affiliatedwithCEPREMAP as wellas WolfgangLemkeand MichaelKrause from the Bundesbank and KeithKüster from the ECB for discussing my research and subsequent working papers.