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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

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

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

Macroeconomic Effects of Carbon Transition Policies : An Assessment Based on the Ecb's New Area-Wide Model with a Disaggregated Energy Sector

Coenen, Günter; Priftis, Romanos; Lozej, Matija - 2023

entails a transitory rise in inﬂation and a lasting, albeit moderate decline in GDP. We show that the short and medium …

Persistent link: https://www.econbiz.de/10014354636

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