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  • 标题:ÉIRE Mod: A DSGE Model for Ireland
  • 作者:Daragh Clancy ; Rossana Merola
  • 期刊名称:Economic and Social Review
  • 印刷版ISSN:0012-9984
  • 出版年度:2016
  • 卷号:47
  • 期号:1, Spring
  • 页码:1-31
  • 语种:English
  • 出版社:Economic and Social Research Institute
  • 摘要: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.
  • 关键词:macroeconomics;Ireland;economic analysis
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