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ÉIRE Mod: A DSGE Model for Ireland


 
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1. Title Title of document ÉIRE Mod: A DSGE Model for Ireland
 
2. Creator Author's name, affiliation, country Daragh Clancy; European Stability Mechanism; Luxembourg
 
2. Creator Author's name, affiliation, country Rossana Merola
 
3. Subject Discipline(s)
 
3. Subject Keyword(s) macroeconomics; Ireland; economic analysis
 
4. Description Abstract 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.
 
5. Publisher Organizing agency, location
 
6. Contributor Sponsor(s)
 
7. Date (YYYY-MM-DD) 2016-03-31
 
8. Type Status & genre Peer-reviewed Article
 
8. Type Type
 
9. Format File format PDF
 
10. Identifier Uniform Resource Identifier http://www.esr.ie/article/view/504
 
11. Source Title; vol., no. (year) The Economic and Social Review; Vol 47, No 1, Spring (2016)
 
12. Language English=en en
 
13. Relation Supp. Files
 
14. Coverage Geo-spatial location, chronological period, research sample (gender, age, etc.)
 
15. Rights Copyright and permissions Copyright (c) 2016 The Economic and Social Review