Ratto, M.; Girardi, R.; Liska, R.; Roeger, W.; J. In't Veld - Society for Computational Economics - SCE - 2006
This paper adds oil prices to an estimated DSGE model for the euro area. The price of oil is an important macroeconomic … oil prices have effects on domestic income via the trade balance and on domestic output, since oil is an intermediate … model to analyse the short and long run price, income and output effects of temporary and permanent changes in oil prices …