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Structural Reforms and Macroeconomic Performance in the Euro Area Countries : A Model-Based Assessment
Gomes, Sandra - 2011
unilaterally. This is true in particular for a small and open economy such as Portugal. Specifically, in the long run German output …
Persistent link: https://www.econbiz.de/10013127922
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Global policy at the zero lower bound in a large-scale DSGE model
Gomes, Sandra; Jacquinot, Pascal; Mestre, Ricardo; … - 2010
model of the global economy. We consider that the fiscal shocks are temporary and that fiscal policy retains full …
Persistent link: https://www.econbiz.de/10011605300
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Structural reforms and macroeconomic performance in the euro area countries: a model-based assessment
Gomes, Sandra; Jacquinot, Pascal; Mohr, Matthias; … - 2011
unilaterally. This is true in particular for a small and open economy such as Portugal. Specifically, in the long run German output …
Persistent link: https://www.econbiz.de/10011605369
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Fiscal Devaluation in the Euro Area : A Model-Based Analysis
Gomes, Sandra - 2014
We assess the effects on trade balance of a temporary fiscal devaluation enacted by Spain or Portugal by simulating EAGLE, a large-scale multi-country dynamic general equilibrium model of the euro area. Social contributions paid by firms are reduced by 1 percent of GDP for four years and are...
Persistent link: https://www.econbiz.de/10013049272
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EAGLE-FLI : A Macroeconomic Model of Banking and Financial Interdependence in the Euro Area
Bokan, Nikola - 2016
EAGLE-FLI (Euro Area and Global Economy with Financial Linkages), banks collect deposits from domestic households and cross …
Persistent link: https://www.econbiz.de/10012988591
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The EAGLE : A Model for Policy Analysis of Macroeconomic Interdependence in the Euro Area
Gomes, Sandra - 2010
Building on the New Area Wide Model, we develop a 4-region macroeconomic model of the euro area and the world economy …. The model (EAGLE, Euro Area and Global Economy model) is microfounded and designed for conducting quantitative policy … economy. Simulation analysis shows the transmission mechanism of region-specific or common shocks, originating in the euro …
Persistent link: https://www.econbiz.de/10013143817
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A Single Monetary Policy for Heterogeneous Labour Markets : The Case of the Euro Area
Gomes, Sandra; Jacquinot, Pascal; Lozej, Matija - 2023
Differences in labour market institutions and regulations between countries of the monetary union can cause divergent responses even to a common shock. We augment a multi-country model of the euro area with search and matching framework that differs across Ricardian and hand-to-mouth households....
Persistent link: https://www.econbiz.de/10014258210
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The EAGLE. A model for policy analysis of macroeconomic interdependence in the euro area
Gomes, Sandra; Jacquinot, Pascal; Pisani, Massimiliano - 2010
Building on the New Area Wide Model, we develop a 4-region macroeconomic model of the euro area and the world economy …. The model (EAGLE, Euro Area and Global Economy model) is microfounded and designed for conducting quantitative policy … economy. Simulation analysis shows the transmission mechanism of region-specific or common shocks, originating in the euro …
Persistent link: https://www.econbiz.de/10011605241