Arbeitspapier

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

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.

Language
Englisch

Bibliographic citation
Series: ECB Working Paper ; No. 1195

Classification
Wirtschaft
Forecasting Models; Simulation Methods
Business Fluctuations; Cycles
Monetary Policy
Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation: Models and Applications
Subject
DSGE Models
econometric models
open-economy macroeconomics
policy analysis
Neue Makroökonomik offener Volkswirtschaften
Dynamisches Gleichgewicht
Prognoseverfahren
Geldpolitik
Konjunktur
Geldpolitische Transmission
Eurozone
EU-Staaten

Event
Geistige Schöpfung
(who)
Gomes, Sandra
Jacquinot, Pascal
Pisani, Massimiliano
Event
Veröffentlichung
(who)
European Central Bank (ECB)
(where)
Frankfurt a. M.
(when)
2010

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Gomes, Sandra
  • Jacquinot, Pascal
  • Pisani, Massimiliano
  • European Central Bank (ECB)

Time of origin

  • 2010

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