| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5054969 | Economic Modelling | 2012 | 29 Pages |
Abstract
⺠We develop EAGLE a 4-region macroeconomic model of the euro area and the world. ⺠The model is microfounded and designed for quantitative policy analysis. ⺠We simulate a permanent reduction in labor tax rates in the euro area. ⺠The effects on real activity are expansionary in both the short run and long run. ⺠Coordinated reforms imply extra gains and a more even performance across regions.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
S. Gomes, P. Jacquinot, M. Pisani,