Coenen, Günter; Straub, Roland; Trabandt, Mathias - In: Journal of Economic Dynamics and Control 37 (2013) 2, pp. 367-386
the financial crisis of 2008–2009. To do so, we estimate an extended version of the ECB's New Area-Wide Model with a …We seek to quantify the impact on euro area GDP of the European Economic Recovery Plan (EERP) enacted in response to … on euro area GDP. Since the EERP comprised both revenue and expenditure-based fiscal stimulus measures, the total …