Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/153629
Authors: 
Gomes, Sandra
Jacquinot, Pascal
Pisani, Massimiliano
Year of Publication: 
2010
Series/Report no.: 
ECB Working Paper 1195
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.
Subjects: 
DSGE Models
econometric models
open-economy macroeconomics
policy analysis
JEL: 
C53
E32
E52
F47
Document Type: 
Working Paper

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