QUEST III: An Estimated Open-Economy DSGE Model of the Euro Area with Fiscal and Monetary Policy
By Marco Ratto, W. Roeger, J. Veld. 2009
368 citations recorded by the source corpus.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/34c4354365120cb6a92c9230258aaf64aa561b95
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In Economics and Econometrics
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Citations in the corpus
- The EAGLE: A Model for Policy Analysis of Macroeconomic Interdependence in the Euro Area (2012, neutral): “[19] Ratto, M.”
- Fiscal Policy Shocks in the Euro Area and the US: An Empirical Assessment (2010, background): “See, for instance, Smets and Wouters (2003 and 2005), Fagan et al. (2005), Christoffel et al. (2008) and Ratto et al. (2009).”
- Automatic Fiscal Stabilisers: What They Are and What They Do (2012, methodology): “The calibration of the regions’ economic size, trade openness, bilateral trade linkages and sector structure (tradable, non-tradable, construction) is based on the GTAP database, while structural model parameters are based on estimates reported in Ratto et al. (2009).”
- FiMod - a DSGE Model for Fiscal Policy Simulations (2012, methodology): “Also, the EU Commission is further activating their Quest III-model to conduct fiscal policy analyses (see Ratto et al., 2009).”
- Keynesian Government Spending Multipliers and Spillovers in the Euro Area (2011, neutral): “Ratto et al. (2009) estimate that 35 % of households in the euro area are liquidityconstrained in this manner.7 6One such model is MULTIMOD, a dynamic multi-country macro model of the world economy (see Laxton, Isard, Faruqee, Prasad, and Turtelboom (1998) for an introduction).”
- New Keynesian versus Old Keynesian Government Spending Multipliers (2010, methodology): “Thus, we can conduct a simulation in our models that is similar to the experiments considered by the 12 Our estimate with US data is similar to euro area estimates of 25–35 percent obtained by Coenen and Straub (2005) and Ratto et al. (2009), respectively.”