We evaluate the effects of permanently reducing labour tax rates in the euro area (EA) by simulating a large-scale open …

application to the euro area. Accounting for a high degree of openness and a strong dependence on intra and extra union trade, we … response. To do so, we use a unifted modelling framework: The Euro Area and the Global Economy (EAGLE) model. Furthermore …

that increasing euro area carbon taxes to an interim target level consistent with the transition to a net-zero economy …