scholarly journals Euro Area Inflation Persistence in an Estimated Nonlinear DSGE Model

2007 ◽  
Author(s):  
Gianni Amisano ◽  
Oreste Tristani
Keyword(s):  
Euro Area ◽  
Dsge Model ◽  
Inflation Persistence

An Open-Economy DSGE Model of the Euro Area

2006 ◽  
Author(s):  
Pascal Jacquinot ◽  
Ricardo Mestre ◽  
Martin Spitzer
Keyword(s):  
Euro Area ◽  
Open Economy ◽  
Dsge Model

scholarly journals Liquidity, interest rates and house prices in the euro area: a DSGE analysis

2016 ◽  
Vol 9 (1) ◽  
pp. 4-25 ◽  
Author(s):  
Margarita Rubio ◽  
José A. Carrasco-Gallego
Keyword(s):  
Interest Rates ◽  
Monetary Union ◽  
Euro Area ◽  
House Prices ◽  
Housing Prices ◽  
House Price ◽  
Dsge Model ◽  
Content Type ◽  
The Core ◽  
Dynamic Stochastic

Purpose This study aims to build a two-country monetary union dynamic stochastic general equilibrium (DSGE) model with housing to assess how different shocks contributed to the increase in housing prices and credit in the European Economic and Monetary Union. One of the countries is calibrated to represent the core group in the euro area, while the other one corresponds to the periphery. Design/methodology/approach In this paper, the authors explore how a liquidity shock (or a decrease in the interest rate) affects house prices and the real economy through the asset price and the collateral channel. Then, they analyze how a house price shock in the periphery and a technology shock in the core countries are transmitted to both economies. Findings The authors find that a combination of an increase in liquidity in the euro area coming from the common monetary policy, together with asymmetric house price and technology shocks, contributed to an increase in house prices in the euro area and a stronger credit growth in the peripheral economies. Originality/value This paper represents the theoretical counterpart to empirical studies that show, through macroeconometric models, the interrelation between liquidity and other shocks with house prices. Using a DSGE model with housing, the authors disentangle the mechanisms behind these empirical findings.

scholarly journals Euro area inflation persistence

2006 ◽  
Vol 31 (4) ◽  
pp. 977-1002 ◽  
Author(s):  
Nicoletta Batini
Keyword(s):  
Euro Area ◽  
Inflation Persistence

scholarly journals The post-crisis slump in the Euro Area and the US: Evidence from an estimated three-region DSGE model

2016 ◽  
Vol 88 ◽  
pp. 21-41 ◽  
Author(s):  
Robert Kollmann ◽  
Beatrice Pataracchia ◽  
Rafal Raciborski ◽  
Marco Ratto ◽  
Werner Roeger ◽  
...  
Keyword(s):  
Euro Area ◽  
Dsge Model ◽  
The Us
Sign in / Sign up

Export Citation Format

Share Document