An area-wide model for the euro area

  title={An area-wide model for the euro area},
  author={Gabriel Fagan and Jerome Henry and Ricardo Mestre},
This paper presents a quarterly estimated structural macroeconomic model for the euro area, the AWM, which is a medium-sized model that treats the euro area as a single economy. The model is designed to have a long-run equilibrium consistent with neo-classical economic theory while the short-run dynamics are largely demand-driven. The current version of the AWM is mostly backwardlooking and is largely estimated rather than calibrated. A general overview of the structure of the model and of its… CONTINUE READING
Highly Influential
This paper has highly influenced 38 other papers. REVIEW HIGHLY INFLUENTIAL CITATIONS
Highly Cited
This paper has 278 citations. REVIEW CITATIONS

From This Paper

Figures, tables, and topics from this paper.


Publications citing this paper.

278 Citations

Citations per Year
Semantic Scholar estimates that this publication has 278 citations based on the available data.

See our FAQ for additional information.


Publications referenced by this paper.
Showing 1-10 of 30 references

Forward - looking price setting in UK manufacturing

  • S. Price
  • Economic Journal
  • 1992
Highly Influential
5 Excerpts

An area-wide model (AWM) for the euro area

  • G. Fagan, J. Henry, R. Mestre
  • ECB Working Paper No 42,
  • 2001
Highly Influential
13 Excerpts

Money and inflation in the euro area : a case for monetary indicators ?

  • M. Goldstein, M. S. Kahn
  • Journal of Monetary Economics
  • 2003

A multi country trend indicator for euro area inflation: computation and properties, ECB Working Paper No 60, European Central Bank, Frankfurt

  • E. Angelini, J. Henry, R. Mestre
  • 2001
1 Excerpt

Fiscal policy rules in macroeconomic models : principles and practices

  • B. Taylor, P. R. Mitchell, J. E. Sault, K. Wallis
  • Economic Modelling
  • 2000

Euro area - wide and country modelling at the start of EMU

  • J. Henry
  • Economic and Financial Modelling
  • 1999
1 Excerpt

Performance of operational monetary policy rules in an estimated semi

  • Curve, Labour Markets, North Holland, Elsevier, B. T. Amsterdam. McCallum, E. Nelson
  • 1999

Similar Papers

Loading similar papers…