Silva, Nuno Baetas da; Duarte, António Portugal - In: New challenges for the eurozone governance : joint …, (pp. 171-185). 2021
the Euro Area to assess the macroeconomic consequences of a labor supply shock. Our model incorporates health status in … calibrate the model for the case of Portugal and the rest of the Euro Area. Our simulations show that a labor supply shock … that if the labor supply shock affects both economies, the negative income effect dominates the decreased demand effect for …