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We simulate a version of the EAGLE, a New Keynesian multi-country model of the world economy, to assess the …
Persistent link: https://www.econbiz.de/10012241231
economy dynamic general equilibrium model. The model features the EA as a monetary union, split in two regions (Home and the … expansionary effects on the EA economy of a EA-wide tax reduction are enhanced if the EA monetary policy is accommodative. …
Persistent link: https://www.econbiz.de/10011792134
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