Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/297898 
Authors: 
Year of Publication: 
2024
Citation: 
[Journal:] World Economy and Policy (WEP) [ISSN:] 2788-0672 [Volume:] 3 [Issue:] 1 [Year:] 2024 [Pages:] 1-9
Publisher: 
Prague University of Economics and Business, Faculty of International Relations, Center for European Studies, Prague
Abstract: 
This paper reviews the application of two-country Dynamic Stochastic General Equilibrium (DSGE) models in the case of the euro area. By employing a search strategy across Scopus and Web of Science databases, this review identifies "Key Papers" that develop, calibrate, or estimate DSGE models for the euro area and another European country as the second block. There is a particular focus on the gains and losses from the euro adoption to provide a benchmark for a potential future research on the case of the Czech Republic. Out of all the analysed papers, four deal with the welfare consequences of the euro adoption, out of which none concerns the Czech Republic. Thus, developing such model in the future might fill the knowledge gap.
Subjects: 
Two-Country DSGE
Literature Review
Euro Area
Czech Republic
Welfare
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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