stagnation by simulating a five-region New Keynesian model of the world economy, calibrated to the United States (US), the euro … area (EA), Japan (JP), China (CH), and the rest of the world (RW). The model includes investment in research and … long-term world growth …

rest of the EA - REA), the US, and the rest of the world, region-specific labour markets with search and matching frictions …

We simulate a version of the EAGLE, a New Keynesian multi-country model of the world economy, to assess the … macroeconomic effects of US tariffs imposed on one country member of the euro area (EA), and the rest of the world (RW). The model …