We quantitatively assess the macroeconomic effects of country-specific supply-side reforms in the euro area by … Germany (or, alternatively, Portugal) and the rest of the euro area. Our main results are as follows. First, there are … in seven years. Second, cross-country coordination of reforms would add extra benefits to each region in the euro area …

EAGLE, a large-scale multi-country dynamic general equilibrium model of the euro area. Social contributions paid by firms … Portugal. Third, the trade balance improves when the fiscal devaluation is enacted also in the rest of the euro area, albeit to …

We incorporate financial linkages in EAGLE, a New Keynesian multi-country dynamic general equilibrium model of the euro … EAGLE-FLI (Euro Area and Global Economy with Financial Linkages), banks collect deposits from domestic households and cross …

We evaluate the effects of permanently reducing labour tax rates in the euro area (EA) by simulating a large-scale open …

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 … analysis of macroeconomic interdependence across regions belonging to the euro area and between euro area regions and the world …

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 … analysis of macroeconomic interdependence across regions belonging to the euro area and between euro area regions and the world …