Macroeconometric models in practice: the Istat experience Online publication date: Tue, 14-Jul-2015
by Fabio Bacchini; Alessandro Girardi; Carmine Pappalardo
International Journal of Computational Economics and Econometrics (IJCEE), Vol. 5, No. 3, 2015
Abstract: The global financial crisis has given new emphasis to the creation and strengthening of independent fiscal institutions (IFI). At the same time new attention has been paid to the performance assessment of Macroeconometric models based on different theoretical approaches. These initiatives reinforce the need for the improvements in the communication of results of Macroeconometric models especially policy evaluation and uncertainty of the projections. This is why, since May 2012, when the first forecast was released by Istat, the new Macroeconometric model for Italian economy (MeMo-It) was designed to assure a high level of transparency about its methodological characteristics and its results. The main aim is to provide stakeholders with a model that can be easily used by the analysts and shared with the scientific community. This paper illustrates the main computation characteristic of MeMo-It and the first version of the tool designed for policy evaluation.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Computational Economics and Econometrics (IJCEE):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook