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Structural reforms and zero lower bound in a monetary union

Gerali, Andrea; Notarpietro, Alessandro; Pisani, … - 2015

Persistent link: https://www.econbiz.de/10011520298

Exchange rate pass-through into euro area inflation : an estimated structural model

Burlon, Lorenzo; Notarpietro, Alessandro; Pisani, … - 2018

Persistent link: https://www.econbiz.de/10011943010

Labour tax reforms, cross-country coordination and the monetary policy stance in the euro area : a structural model-based approach

Jacquinot, Pascal; Lozej, Matija; Pisani, Massimiliano - 2018

Persistent link: https://www.econbiz.de/10012182288

Labour tax reforms, cross-country coordination and the monetary policy stance in the euro area : a structural model-based approach

Jacquinot, Pascal; Lozej, Matija; Pisani, Massimiliano - 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...