The New Area-Wide Model II is an extended version of the ECB's micro-founded model for forecasting and policy analysis with a financial sector. ECB Working Paper No 2200. Chart 18 The effects of global portfolio rebalancing on trade balance – evidence from DSGE models Euro area effects of a government bond purchase programme with a total purchase volume of approx.
Gabriel Makhlouf: Intergenerational macroeconomics Blog by Mr Gabriel Makhlouf, Governor of the Central Bank of Ireland, 27 May 2021. * * * A couple of weeks ago, I attended a webinar organised by the Foundation for Fiscal Studies on the theme of wellbeing indicators and their potential use in Ireland’s Budget.