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Labour Tax Reforms, Cross-Country Coordination and the Monetary Policy Stance in the Euro Area : A Structural Model-Based Approach
Jacquinot, Pascal - 2018
economy dynamic general equilibrium model. The model features the EA as a monetary union, split in two regions (Home and the … expansionary effects on the EA economy of a EA-wide tax reduction are enhanced if the EA monetary policy is accommodative …
Persistent link: https://www.econbiz.de/10012928551
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Structural Reforms and Macroeconomic Performance in the Euro Area Countries : A Model-Based Assessment
Gomes, Sandra - 2011
unilaterally. This is true in particular for a small and open economy such as Portugal. Specifically, in the long run German output …
Persistent link: https://www.econbiz.de/10013127922
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Structural reforms and macroeconomic performance in the euro area countries: a model-based assessment
Gomes, Sandra; Jacquinot, Pascal; Mohr, Matthias; … - 2011
unilaterally. This is true in particular for a small and open economy such as Portugal. Specifically, in the long run German output …
Persistent link: https://www.econbiz.de/10011605369
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Comparing Fiscal Multipliers Across Models and Countries in Europe
Kilponen, Juha - 2015
of the economy such as the share of liquidity-constrained households change, and the endogenous fiscal rule that ensures …
Persistent link: https://www.econbiz.de/10013026620
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Fiscal Devaluation in the Euro Area : A Model-Based Analysis
Gomes, Sandra - 2014
We assess the effects on trade balance of a temporary fiscal devaluation enacted by Spain or Portugal by simulating EAGLE, a large-scale multi-country dynamic general equilibrium model of the euro area. Social contributions paid by firms are reduced by 1 percent of GDP for four years and are...
Persistent link: https://www.econbiz.de/10013049272
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EAGLE-FLI : A Macroeconomic Model of Banking and Financial Interdependence in the Euro Area
Bokan, Nikola - 2016
EAGLE-FLI (Euro Area and Global Economy with Financial Linkages), banks collect deposits from domestic households and cross …
Persistent link: https://www.econbiz.de/10012988591
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Potential Output in DSGE Models
Vetlov, Igor - 2011
In view of the increasing use of Dynamic Stochastic General Equilibrium (DSGE) models in the macroeconomic projections and the policy process, this paper examines, both conceptually and empirically, alternative notions of potential output within DSGE models. Furthermore, it provides historical...
Persistent link: https://www.econbiz.de/10013124588
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The EAGLE : A Model for Policy Analysis of Macroeconomic Interdependence in the Euro Area
Gomes, Sandra - 2010
Building on the New Area Wide Model, we develop a 4-region macroeconomic model of the euro area and the world economy …. The model (EAGLE, Euro Area and Global Economy model) is microfounded and designed for conducting quantitative policy … economy. Simulation analysis shows the transmission mechanism of region-specific or common shocks, originating in the euro …
Persistent link: https://www.econbiz.de/10013143817
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Comparing fiscal multipliers across models and countries in Europe
Kilponen, Juha; Pisani, Massimiliano; Schmidt, Sebastian; … - 2015
of the economy such as the share of liquidity-constrained households change, and the endogenous fiscal rule that ensures …
Persistent link: https://www.econbiz.de/10011605805
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The EAGLE. A model for policy analysis of macroeconomic interdependence in the euro area
Gomes, Sandra; Jacquinot, Pascal; Pisani, Massimiliano - 2010
Building on the New Area Wide Model, we develop a 4-region macroeconomic model of the euro area and the world economy …. The model (EAGLE, Euro Area and Global Economy model) is microfounded and designed for conducting quantitative policy … economy. Simulation analysis shows the transmission mechanism of region-specific or common shocks, originating in the euro …
Persistent link: https://www.econbiz.de/10011605241