The EAGLE. A model for policy analysis of macroeconomic interdependence in the euro area
Sandra Gomes,
Pascal Jacquinot and
Massimiliano Pisani
No 770, Temi di discussione (Economic working papers) from Bank of Italy, Economic Research and International Relations Area
Abstract:
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.
Keywords: Open-economy macroeconomics; DSGE models; econometric models; policy analysis (search for similar items in EconPapers)
JEL-codes: C53 E32 E52 F47 (search for similar items in EconPapers)
Date: 2010-07
New Economics Papers: this item is included in nep-cba, nep-cmp, nep-dge, nep-eec and nep-mac
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Citations: View citations in EconPapers (93)
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Related works:
Journal Article: The EAGLE. A model for policy analysis of macroeconomic interdependence in the euro area (2012)
Working Paper: The EAGLE. A model for policy analysis of macroeconomic interdependence in the euro area (2010)
Working Paper: The EAGLE. A model for policy analysis of macroeconomic interdependence in the euro area (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:bdi:wptemi:td_770_10
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