The EAGLE: A Model for Policy Analysis of Macroeconomic Interdependence in the Euro Area

By S. Gomes, P. Jacquinot, M. Pisani. Social Science Research Network, 2012

214 citations recorded by the source corpus.

Building on the New Area Wide Model, we develop a 4-region macroeconomic model of the euro area and the world economy. The model (EAGLE, Euro Area and Global Economy model) is microfounded and designed for conducting quantitative policy analysis of macroeconomic interdependence across regions belonging to the euro area and between euro area regions and the world economy. Simulation analysis shows the transmission mechanism of region-specific or common shocks, originating in the euro area and abroad.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/8c14b7d5ba2ef4455d465c2ef5f93db0d72ea666

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In Economics and Econometrics

1. S. Gomes
2. P. Jacquinot
3. Matthias F. Mohr
4. M. Pisani

In Finance

1. S. Gomes
2. P. Jacquinot
3. Matthias F. Mohr
4. M. Pisani

Citations in the corpus

• Structural Reforms and Macroeconomic Performance in the Euro Area Countries: A Model-Based Assessment (2011, methodology): “The latter with the reform in the labor market.(22) This result relates to a general point about the “optimal timing” of reforms made by Blanchard and Giavazzi (2003), who argue that structural reforms should generally start from the service sector because the 21The results for Portugal are similar ”