Langedijk, Sven; Roeger, Werner - Directorate-General Economic and Financial Affairs, … - 2007
This paper uses a two-country-three-sector DSGE model to analyse adjustment in the Euro area. A particular distinction … experience of six countries which have shown strong divergences in the early years of the euro area, namely Germany, Ireland …, Italy, the Netherlands, Portugal and Spain is analysed. The framework allows replication of actual developments in euro-area …