ÉIRE Mod: A DSGE Model for Ireland
Fuente:
Organización Internacional del Trabajo (OIT)
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Artículo científico |
| Published: |
International Labour Organization
2016
|
| Online Access: | |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1874524919703797760 |
|---|---|
| author | Daragh Clancy Rossana Merola |
| author_facet | Daragh Clancy Rossana Merola Daragh Clancy Rossana Merola |
| contents | ÉIRE Mod: A DSGE Model for Ireland Daragh Clancy Rossana Merola We present ÉIRE Mod, a quarterly DSGE model developed for macroeconomic policy analysis in Ireland. We simulate productivity and wage and price mark-up shocks to mimic the impact of various structural reforms aimed at improving the efficiency and competitiveness of the Irish economy. We find that all the structural reforms lead to an increase in aggregate output. However, depending on the source of the shocks, there are important differences in the transmission channels and the effect on employment and external competitiveness. This work is the first step towards the development of a suite of DSGE models for Ireland. Extensions of the core ÉIRE Mod detailed here will further enhance its analytic capabilities. publication.journalArticle |
| format | Artículo científico |
| id | ilo_995673156002676 |
| institution | Organización Internacional del Trabajo (OIT) |
| publishDate | 2016 |
| publisher | International Labour Organization |
| spellingShingle | ÉIRE Mod: A DSGE Model for Ireland Daragh Clancy Rossana Merola ÉIRE Mod: A DSGE Model for Ireland Daragh Clancy Rossana Merola We present ÉIRE Mod, a quarterly DSGE model developed for macroeconomic policy analysis in Ireland. We simulate productivity and wage and price mark-up shocks to mimic the impact of various structural reforms aimed at improving the efficiency and competitiveness of the Irish economy. We find that all the structural reforms lead to an increase in aggregate output. However, depending on the source of the shocks, there are important differences in the transmission channels and the effect on employment and external competitiveness. This work is the first step towards the development of a suite of DSGE models for Ireland. Extensions of the core ÉIRE Mod detailed here will further enhance its analytic capabilities. publication.journalArticle |
| title | ÉIRE Mod: A DSGE Model for Ireland |
| url | https://researchrepository.ilo.org/esploro/outputs/journalArticle/ÉIRE-Mod-A-DSGE-Model-for/995673156002676 |