Garcia, Pablo; Jacquinot, Pascal; Lenarčič, Črt; … - 2021
lifetimes, the responses of output and inflation are amplified compared to the case with infinitely lived households. Finally, a … application to the euro area. Accounting for a high degree of openness and a strong dependence on intra and extra union trade, we … response. To do so, we use a unified modelling framework: The Euro Area and the Global Economy (EAGLE) model. Furthermore …