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The distributional effects of conventional monetary policy and quantitative easing : evidence from an estimated DSGE model

Hohberger, Stefan; Priftis, Romanos; Vogel, Lukas - 2018

This paper compares the distributional effects of conventional monetary policy and quantitative easing (QE) within an estimated open-economy DSGE model of the euro area. The model includes two groups of households: (i) wealthier households, who own financial assets and are able to smooth...

Persistent link: https://www.econbiz.de/10012055026

An appropriate model for the estimation of consumer time expenditure patterns on the internet

Cooper, Russel John - 2013

IPTS recently acquired a consumer internet clickstream database containing the full set of annual (2011) clickstream records for about 25.000 internet users in the five largest EU economies (UK, Germany, France, Italy and Spain). It contains time spend on each webpage and socio-economic...

Persistent link: https://www.econbiz.de/10011979299

EDGE-M3: a dynamic general equilibrium micro-macro model for the EU member states

D'Andria, Diego; DeBacker, Jason; Evans, Richard W.; … - 2020

This paper provides a technical description of the overlapping generations model used by the Joint Research Centre to analyse tax policy reforms, including in particular pension and demographic issues. The main feature of the EDGE-M3 model lies in its high level of disaggregation and the close...

Persistent link: https://www.econbiz.de/10012241664

Taxing income or consumption: macroeconomic and distributional effects for Italy

D'Andria, Diego; DeBacker, Jason; Evans, Richard W.; … - 2021

We study a set of tax reforms introducing a budget-neutral tax shift in Italy, from labour income to consumption taxes. To this end we use a microsimulation model to provide the output with which to estimate the parameters of tax functions in an overlapping-generations computable general...

Persistent link: https://www.econbiz.de/10012705235

Exploring options to measure the climate consistency of real economy investments : the transport sector in Latvia

Dobrinevski, Alexander; Jachnik, Raphaël - 2020

the climate consistency of investments in transport infrastructure and vehicles in Latvia between 2008 and 2018, estimated … transport mode to a 2°C scenario from the International Energy Agency’s for the European Union and to projections from Latvia … highlights future investment and financing challenges, especially for road transport. The methodology piloted in this study can …

Persistent link: https://www.econbiz.de/10012422659