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Persistent link: https://www.econbiz.de/10011531915
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In this paper we discuss a number of challenges for structural macroeconomic models in the light of the Great Recession and its aftermath. It shows that a benchmark DSGE model that shares many features with models currently used by central banks and large international institutions has...
Persistent link: https://www.econbiz.de/10011471463
In this paper we discuss a number of challenges for structural macroeconomic models in the light of the Great Recession and its aftermath. It shows that a benchmark DSGE model that shares many features with models currently used by central banks and large international institutions has...
Persistent link: https://www.econbiz.de/10012992072
are on the rise, the EU and Japan signed an Economic Partnership Agreement (EPA) on 17 July 2018. It is the EU's most … ambitious agreement with any Asian state. The study estimates the effect of the EU-Japan EPA for Austria based on qualitative … protektionistische Agenden an Fahrt gewinnen, unterzeichneten die EU und Japan am 17. Juli 2018 ein Wirtschaftspartnerschaftsabkommen …
Persistent link: https://www.econbiz.de/10012100170
agendas are on the rise, the EU and Japan signed an Economic Partnership Agreement (EPA) on 17 July 2018. It is the most … ambitious agreement of the EU with any Asian state. The study estimates the effect of the EU-Japan EPA for Austria based on …
Persistent link: https://www.econbiz.de/10012643998
It is now over three decades since the eleven EU member states in Central, Eastern, and Southeastern Europe (EU … achieved mostly sustained convergence with Western Europe. Many EU-CEE countries have overtaken Southern EU member states in … development varies widely across the region. This study has three key components. First, it establishes that the existing EU …
Persistent link: https://www.econbiz.de/10013429077
the back of high energy prices. If the EU were to ban imports of energy from Russia, or if Russia itself limits or stops … gas exports to the EU, the trade impacts would be much more significant. The medium- and long-term outlook for Ukraine … integration with the EU. For Russia, the economy will lose its access to Western technological transfer, and this cannot be fully …
Persistent link: https://www.econbiz.de/10014374252
We use a version of the New Area-Wide Model (NAWM) developed at the ECB in order to quantify the gains from monetary policy cooperation. The model is calibrated in order to match a set of empirical moments. We then derive the cooperative and (open-loop) Nash monetary policies, assuming that the...
Persistent link: https://www.econbiz.de/10003636288
Persistent link: https://www.econbiz.de/10003768991