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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

Labour Tax Reforms, Cross-Country Coordination and the Monetary Policy Stance in the Euro Area : A Structural Model-Based Approach

Jacquinot, Pascal - 2018

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/10012928551

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

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

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

Global Models for a Global Pandemic : The Impact of COVID-19 on Small Euro Area Economies

Garcia, Pablo; Jacquinot, Pascal; Lenarčič, Črt; … - 2021

response. To do so, we use a unified modelling framework: The Euro Area and the Global Economy (EAGLE) model. Furthermore …

Persistent link: https://www.econbiz.de/10013323904

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

Parsing Financial Fragmentation in the Euro Area : A Multi-Country DSGE Perspective

Darracq Paries, Matthieu - 2016

The euro area experience during the financial crisis highlighted the importance of financial and sovereign risk factors in macroeconomic propagation, as well as the constraints that bank lending fragmentation would pose for monetary policy conduct in a currency union. We design a 6-region...

Persistent link: https://www.econbiz.de/10012993787

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

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