Similar Search Results

New Facts on Consumer Price Rigidity in the Euro Area

Gautier, Erwan; Conflitti, Cristina; Faber, Riemer P.; … - 2022

changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …

Persistent link: https://www.econbiz.de/10014082035

Structural Reforms and Macroeconomic Performance in the Euro Area Countries : A Model-Based Assessment

Gomes, Sandra - 2011

We quantitatively assess the macroeconomic effects of country-specific supply-side reforms in the euro area by simulating EAGLE, a multi-country dynamic general equilibrium model. We consider reforms in the labor and services markets of Germany (or, alternatively, Portugal) and the rest of the...

Persistent link: https://www.econbiz.de/10013127922

Labour Tax Reforms, Cross-Country Coordination and the Monetary Policy Stance in the Euro Area : A Structural Model-Based Approach

Jacquinot, Pascal - 2018

We evaluate the effects of permanently reducing labour tax rates in the euro area (EA) by simulating a large-scale open economy dynamic general equilibrium model. The model features the EA as a monetary union, split in two regions (Home and the rest of the EA - REA), the US, and the rest of the...

Persistent link: https://www.econbiz.de/10012928551

The EAGLE : A Model for Policy Analysis of Macroeconomic Interdependence in the Euro Area

Gomes, Sandra - 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 analysis of macroeconomic interdependence across regions...

Persistent link: https://www.econbiz.de/10013143817

Global Models for a Global Pandemic : The Impact of COVID-19 on Small Euro Area Economies

Garcia, Pablo; Jacquinot, Pascal; Lenarčič, Črt; … - 2021

lifetimes, the responses of output and inflation are amplified compared to the case with infinitely lived households. Finally, a …

Persistent link: https://www.econbiz.de/10013323904

A Single Monetary Policy for Heterogeneous Labour Markets : The Case of the Euro Area

Gomes, Sandra; Jacquinot, Pascal; Lozej, Matija - 2023

inflation targeting. For each rule we distinguish between cases with zero weight on the unemployment gap and a negative response … inflation. Responding to unemployment reduces cross-country differences within the monetary union and the differences in …

Persistent link: https://www.econbiz.de/10014258210