GE-BOLD contrast stands out as the predominant technique in functional MRI experiments for its high sensitivity and straightforward implementation. GE-BOLD exhibits rather similar sensitivity to vessels independent of their size at submillimeter resolution studies like those examining cortical columns and laminae. However, the presence of nonspecific macrovascular contributions poses a challenge to accurately isolate neuronal activity. SE-BOLD increases specificity towards small vessels, thereby enhancing its specificity to neuronal activity, due to the effective suppression of extravascular contributions caused by macrovessels with its refocusing pulse. However, even SE-BOLD measurements may not completely remove these macrovascular contributions. By simulating hemodynamic signals across cortical depth, we gain insights into vascular contributions to the laminar BOLD signal. In this study, we employed four realistic 3D vascular models to simulate oxygen saturation states in various vascular compartments, aiming to characterize both intravascular and extravascular contributions to GE and SE signals, and corresponding BOLD signal changes, across cortical depth at 7T. Simulations suggest that SE-BOLD cannot completely reduce the macrovascular contribution near the pial surface. Simulations also show that both the specificity and signal amplitude of BOLD signals at 7T depend on the spatial arrangement of large vessels throughout cortical depth and on the pial surface.