The EAGLE. A model for policy analysis of macroeconomic interdependence in the euro area

Pascal Jacquinot, Massimiliano Pisani and Sandra Gomes

No 1195, Working Paper Series from European Central Bank

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. JEL Classification: C53, E32, E52, F47

Keywords: DSGE models; econometric models; open-economy macroeconomics; policy analysis (search for similar items in EconPapers)
Date: 2010-05
New Economics Papers: this item is included in nep-cba, nep-cmp, nep-dge, nep-eec, nep-mac, nep-mon and nep-opm
Note: 725400
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Citations: View citations in EconPapers (96)

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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:ecb:ecbwps:20101195

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