Georgiadis, Georgios; Mösle, Saskia - 2021
” (DCP) into ECB-Global, the ECB’s macroeconomic model for the global economy. To our knowledge, this is the first attempt to … incorporate DCP into a major global macroeconomic model used at central banks or international organisations. In ECB-Global, DCP … usefulness of ECB-Global and DCP for policy analysis, we explore the implications of the euro rivaling the US dollar as a second …