Gomes, Sandra; Jacquinot, Pascal; Mohr, Matthias; … - Banca d'Italia - 2011
We quantitatively assess the macroeconomic effects of country-specific supply-side reforms in the euro area by … Germany (or, alternatively, Portugal) and the rest of the euro area. Our main results are as follows. First, a unilateral … by each country in the euro area will produce positive effects, cross-country coordination produces larger and more …