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Monetary/fiscal policy regimes in post-war Europe

Bouabdallah, Othman; Jacquinot, Pascal; Patella, Valeria - 2023

In most euro area countries, the monetary/fiscal policy mix is responsible for the changing history of debt and inflation facts. Using a Dynamic Stochastic General Equilibrium model with Markov-switching policy rules, we identify three distinct monetary/fiscal regimes in France and Italy: a...

Persistent link: https://www.econbiz.de/10014482924

Global models for a global pandemic: the impact of COVID-19 on small euro area economies

García, Pablo; Jacquinot, Pascal; Lenarcic, Crt; … - 2021

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

Persistent link: https://www.econbiz.de/10012643287

Labour tax reforms, cross-country coordination and the monetary policy stance in the euro area : a structural model-based approach

Jacquinot, Pascal; Lozej, Matija; Pisani, Massimiliano - 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/10011792134

Fiscal devaluation in the euro area: a model-based analysis

Gomes, Sandra; Jacquinot, Pascal; Pisani, Massimiliano - 2014

Persistent link: https://www.econbiz.de/10010441160

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/10003973335

Parsing financial fragmentation inthe euro area : a multi-country DSGE perspective

Darracq Pariès, Matthieu; Jacquinot, Pascal; … - 2016

Persistent link: https://www.econbiz.de/10011618209

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/10013492935

Globalisation and the euro area : simulation based analysis using the New Area Wide Model

Jacquinot, Pascal (contributor); Straub, Roland (contributor) - 2008

In this paper, we utilise the multi-country version of the NAWM to analyse the impact of globalisation on euro area macroeconomic aggregates. We provide alternative modelbased definitions of globalisation associated with an increase in potential output in emerging Asia and its impact on total...

Persistent link: https://www.econbiz.de/10003782654