Since 2014
ÉIRE Mod: A DSGE Model for Ireland
The Economic and Social Review
View Archive Info| Field | Value | |
| Title |
ÉIRE Mod: A DSGE Model for Ireland
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| Creator |
Clancy, Daragh
Merola, Rossana |
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| Subject |
macroeconomics; Ireland; economic analysis
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| Description |
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.
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| Publisher |
The Economic and Social Review
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| Contributor |
—
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| Date |
2016-03-31
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.esr.ie/article/view/504
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| Source |
The Economic and Social Review; Vol 47, No 1, Spring (2016); 1-31
0012-9984 |
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| Language |
eng
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| Relation |
http://www.esr.ie/article/view/504/124
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| Rights |
Copyright (c) 2016 The Economic and Social Review
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