The euro area’s pandemic recession: A DSGE-based interpretation()

This paper augments the European Commission’s open-economy DSGE model (GM) with COVID-specific shocks (‘forced savings’, labour hoarding) and financially-constrained investors to account for the extreme volatility of private domestic demand and hours worked during COVID-19, and it estimates the mode...

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Detalles Bibliográficos
Autores principales: Cardani, Roberta, Croitorov, Olga, Giovannini, Massimo, Pfeiffer, Philipp, Ratto, Marco, Vogel, Lukas
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9381995/
https://www.ncbi.nlm.nih.gov/pubmed/35991509
http://dx.doi.org/10.1016/j.jedc.2022.104512

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