Gomes, S.; Jacquinot, P.; Pisani, M. - In: Economic Modelling 29 (2012) 5, pp. 1686-1714
We develop a 4-region macroeconomic model of the euro area and the world economy. The model (EAGLE, Euro Area and … interdependence across regions in the euro area and between the euro area and the world economy. Specifically, we simulate a permanent … reduction in labor tax rates in the euro area. The effects on real activity are expansionary in both the short run and long run …