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The financial well-being of older people in Europe and the redistributive effects of minimum pension schemes
Figari, Francesco; Matsaganis, Manos; Sutherland, Holly - 2011
This study analyses the financial well-being of elderly people across Europe. Using the European microsimulation model EUROMOD, which facilitates the identification of minimum pension schemes in a comparable way across countries, we show the extent to which these schemes serve to reduce the risk...
Persistent link: https://www.econbiz.de/10009487506
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Forecasting with a Bayesian DSGE model : an application to the euro area
Smets, Frank; Wouters, Rafael - 2004
In monetary policy strategies geared towards maintaining price stability conditional and unconditional forecasts of inflation and output play an important role. In this paper we illustrate how modern sticky-price dynamic stochastic general equilibrium (DSGE) models, estimated using Bayesian...
Persistent link: https://www.econbiz.de/10003285769
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The New Area-Wide Model II : an extended version of the ECB's micro-founded model for forecasting and policy analysis with a financial sector
Coenen, Günter; Karadi, Peter; Schmidt, Sebastian; … - 2018
This paper provides a detailed description of an extended version of the ECB's New Area-Wide Model (NAWM) of the euro area (cf. Christoffel, Coenen, and Warne 2008). The extended model - called NAWM II - incorporates a rich financial sector with the threefold aim of (i) accounting for a genuine...
Persistent link: https://www.econbiz.de/10011928964
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Macroeconomic effects of carbon transition policies : an assessment based on the ECB's New Area-Wide Model with a disaggregated energy sector
Coenen, Günter; Lozej, Matija; Priftis, Romanos - 2023
We use scenario analysis to assess the macroeconomic effects of carbon transition policies aimed at mitigating climate change. To this end, we employ a version of the ECB's New Area-Wide Model (NAWM) augmented with a framework of disaggregated energy production and use, which distinguishes...
Persistent link: https://www.econbiz.de/10014315252
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Macroeconomic effects of carbon transition policies : an assessment based on the ECB's new area-wide model with a disaggregated energy sector
Coenen, Günter; Lozej, Matija; Priftis, Romanos - 2023
Persistent link: https://www.econbiz.de/10014334540
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An estimated dynamic stochastic general equilibrium model of the euro area
Smets, Frank; Wouters, Rafael - 2002
This paper develops and estimates a dynamic stochastic general equilibrium (DSGE) model with sticky prices and wages for the euro area. The model incorporates various other features such as habit formation, costs of adjustment in capital accumulation and variable capacity utilisation. It is...
Persistent link: https://www.econbiz.de/10011623232
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A small estimated euro area model with rational expectations and nominal rigidities
Coenen, Günter; Wieland, Volker - 2003
In this paper we estimate a small model of the euro area to be used as a laboratory for evaluating the performance of alternative monetary policy strategies. We start with the relationship between output and inflation and investigate the fit of the nominal wage contracting model due to Taylor...
Persistent link: https://www.econbiz.de/10009765350
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Household Incomes and Redistribution in the European Union : Quantifying the Equalising Properties of Taxes and Benefits
Immervoll, Herwig; Levy, Horacio; Lietz, Christine; … - 2021
this paper) using EUROMOD, a tax-benefit microsimulation model for the European Union. This relies on harmonised household …
Persistent link: https://www.econbiz.de/10013318171
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The Hypothetical Household Tool (HHoT) in EUROMOD : a new instrument for comparative research on tax-benefit policies in Europe
Hufkens, Tine; Goedemé, Tim; Gasior, Katrin; Leventi, … - 2019
This paper introduces the Hypothetical Household Tool (HHoT), a new extension of EUROMOD, the tax … household simulations in a single modelling framework. Furthermore, the flexibility of HHoT facilitates an advanced use of … hypothetical household simulations to create new comparative policy indicators in the context of multi-country and longitudinal …
Persistent link: https://www.econbiz.de/10012008640
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The Hypothetical Household Tool (HHoT) in EUROMOD : a new instrument for comparative research on tax-benefit policies in Europe
Hufkens, Tine; Goedemé, Tim; Gasior, Katrin; Leventi, … - 2019
This paper introduces the Hypothetical Household Tool (HHoT), a new extension of EUROMOD, the tax … household simulations in a single modelling framework. Furthermore, the flexibility of HHoT facilitates an advanced use of … hypothetical household simulations to create new comparative policy indicators in the context of multi-country and longitudinal …
Persistent link: https://www.econbiz.de/10011994654