Narrow search
Showing 1 - 3 of 3
Cover Image
Fiscal Devaluation in the Euro Area : A Model-Based Analysis
Gomes, Sandra - 2014
are reduced by 1 percent of GDP for four years and are financed by increasing consumption tax. Our main results are the … following. First, the Spanish trade balance improves by 0.5 percent of GDP, the (before-consumption tax) real exchange rate …
Persistent link: https://www.econbiz.de/10013049272
Cover Image
Global Policy at the Zero Lower Bound in a Large-Scale DSGE Model
Gomes, Sandra; Jacquinot, Pascal; Mestre, Ricardo; … - 2021
The purpose of this paper is to analyse whether fiscal policies can alleviate the effects of the zero lower bound (ZLB) on interest rates and if they should be coordinated internationally. The analysis is carried out using EAGLE, a DSGE model of the global economy. We consider that the fiscal...
Persistent link: https://www.econbiz.de/10013316157
Cover Image
Global policy at the zero lower bound in a large-scale DSGE model
Gomes, Sandra; Jacquinot, Pascal; Mestre, Ricardo; … - 2010
The purpose of this paper is to analyse whether fiscal policies can alleviate the effects of the zero lower bound (ZLB) on interest rates and if they should be coordinated internationally. The analysis is carried out using EAGLE, a DSGE model of the global economy. We consider that the fiscal...
Persistent link: https://www.econbiz.de/10011605300