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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
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Global models for a global pandemic: the impact of COVID-19 on small Euro area economies
García, Pablo; Jacquinot, Pascal; Lenarčič, Črt; … - 2021
Persistent link: https://www.econbiz.de/10012798257
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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
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The Economic Impact of Next Generation EU : A Euro Area Perspective
Bańkowski, Krzysztof; Bouabdallah, Othman; Semeano, … - 2022
suggest that the envisaged national investment and reform plans present a coherent package to support both recovery from the … of successful implementation. Specifically, NGEU is expected to take effect through three channels: structural reform … disinflationary effect of greater productive capacity resulting from the planned structural reform and investment measures …
Persistent link: https://www.econbiz.de/10013291193
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The economic impact of next generation EU : a euro area perspective
Bańkowski, Krzysztof; Bouabdallah, Othman; Semeano, … - 2022
suggest that the envisaged national investment and reform plans present a coherent package to support both recovery from the … of successful implementation. Specifically, NGEU is expected to take effect through three channels: structural reform … disinflationary effect of greater productive capacity resulting from the planned structural reform and investment measures. …
Persistent link: https://www.econbiz.de/10013188827
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The Macroeconomic Impact of the Next Generation EU Instrument on the Euro Area
Bańkowski, Krzysztof; Ferdinandusse, M.; Hauptmeier, … - 2021
In response to the economic fallout from the coronavirus (COVID-19) pandemic, the European Council agreed on the Next Generation EU (NGEU) instrument. NGEU allows the European Commission to issue debt to finance grants and loans to EU Member States, with the disbursement of funds intended to be...
Persistent link: https://www.econbiz.de/10013243839
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Global models for a global pandemic: the impact of COVID-19 on small euro area economies
García, Pablo; Jacquinot, Pascal; Lenarcic, Crt; … - 2021
This paper analyses the effects of the COVID-19 pandemic shock on small open economies in a monetary union with an application to the euro area. Accounting for a high degree of openness and a strong dependence on intra and extra union trade, we focus on the size and the direction of...
Persistent link: https://www.econbiz.de/10012643287
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Global Models for a Global Pandemic : The Impact of COVID-19 on Small Euro Area Economies
Garcia, Pablo; Jacquinot, Pascal; Lenarčič, Črt; … - 2021
This paper analyses the effects of the COVID-19 pandemic shock on small open economies in a monetary union with an application to the euro area. Accounting for a high degree of openness and a strong dependence on intra and extra union trade, we focus on the size and the direction of...
Persistent link: https://www.econbiz.de/10013323904
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The macroeconomic impact of the Next Generation EU instrument on the euro area
Bańkowski, Krzysztof; Ferdinandusse, Marien; … - 2021
In response to the economic fallout from the coronavirus (COVID-19) pandemic, the European Council agreed on the Next Generation EU (NGEU) instrument. NGEU allows the European Commission to issue debt to finance grants and loans to EU Member States, with the disbursement of funds intended to be...
Persistent link: https://www.econbiz.de/10012417434
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EAGLE-FLI : a macroeconomic model of banking and financial interdependence in the euro area
Bokan, Nikola; Gerali, Andrea; Gomes, S.; Jacquinot, Pascal - In: Economic modelling 69 (2018), pp. 249-280
Persistent link: https://www.econbiz.de/10012016161