An area-wide model for the euro area

By G. Fagan, J. Henry, R. Mestre. 2005

770 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/245565d056baa8fc192849fb3848acf72e7d6862

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In Economics and Econometrics

Citations in the corpus

The Econometrics of Macroeconomic Modelling (2005, methodology): “We use an alternative output-gap measure (emugapt), which is a simple transformation of the one defined in Fagan et al. (2001) as real output relative to potential output, measured by a constant-return-to-scale Cobb-Douglas production function with neutral technical progress, see Data Appendix.”
The Price Puzzle Revisited: Can the Cost Channel Explain a Rise in Inflation after a Monetary Policy Shock? (2009, methodology): “The data is taken from the Euro Area Wide Model (AWM, update 5, 1970Q1 { 2003Q4) { see Fagan, Henry, and Mestre (2001) and www.ecb.org { except for the loan rate data, which has been kindly provided by the ECB.”
Is There a European Business Cycle? (2003, methodology): “Flexibility NAWRU (nonaccelerating wage rate of unemployment) A 1970-2001 (CAN, DEU, ESP, USA, ITA), 1973-2001 (AUT, FRA) 1971-2001 (GBR) ITA – no imputations; AUT, FRA, GBR – constant-interpolated missing values; EU, FIN, SWE – recalculated based on the NAWRU formula, for the whole period OECD, Hol”
Euro Area Inflation Persistence in an Estimated Nonlinear DSGE Model (2008, neutral): “The system (16)-( 17 ) can be cast in the general form”
Instability and Nonlinearity in the Euro-Area Phillips Curve (2012, positive): “For more details on the AWM database see Fagan et al. (2005). We make use of the database version released in September 2006, which extends to 2005:4.”
Differences in interest rate policy at the ECB and the Fed: an investigation with a medium-scale DSGE model (2007, neutral): “[4] Fagan, Gabriel, Jérôme Henry, and Ricardo Mestre (2005), “An Area-Wide Model (AWM) for the Euro Area.”
The welfare effect of foreign monetary conservatism with non-atomistic wage setters (2011, methodology): “Data for the euro area are drawn from the Area Wide Model dataset (Fagan et al. 2001).”
Forecasting with DSGE Models (2010, positive): “All time series are taken from an updated version of the AWM database (see Fagan, Henry, and Mestre, 2005), except for the time series of extra-euro area trade data the construction of which is detailed in Dieppe and Warmedinger (2007).”
Comparing Shocks and Frictions in Us and Euro Area Business Cycles: A Bayesian DSGE Approach (2004, neutral): “int 1 The main data set used for this analysis has been developed in Fagan et al. (2001).”
Did the pattern of aggregate employment growth change in the euro area in the late 1990s? (2006, background): “( 2001 ), who estimated an aggregate dynamic employment equation for the euro area with an error correction mechanism.”
Does inflation increase after a monetary policy tightening? Answers based on an estimated DSGE model ☆ (2007, methodology): “A previous version of the paper (Rabanal, 2003) included estimates for the euro area in a model without capital, using the data set of Fagan et al. (2001). I am grateful to the Econometric Modeling Unit at the European Central Bank, and especially to Alistair Deppe, for providing me with the euro ar”
Successful Austerity in the United States, Europe and Japan (2012, positive): “10 Fragetta and Melina (2011) support the assumptions underlying the Blanchard-Perotti approach by using a graphical modeling approach.”