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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...
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coordination. In particular we provide estimates for New EU Member States where we take into account two aspects. First, debt …
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banking crisis. Other EU countries, above all France, were indirectly affected by this crisis, and some eastern European … countries are also endangered. Although the EU has tried to contain the euro crisis with extensive rescue operations that have … switch that will shift the forces of growth back from the periphery to the center, although the EU rescue measures counteract …
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