Economics at your fingertips  

Assessing Policy Reforms for Italy Using ITEM and QUEST III

Barbara Annicchiarico (), Fabio Di Dio (), Francesco Felici () and Francesco Nucci ()
Additional contact information
Francesco Felici: Italian Ministry of Economy and Finance - Department of the Treasury, Rome

Rivista di Politica Economica, 2014, issue 3, 211-244

Abstract: This paper assesses the implications of policy reforms for the Italian economy by jointly using the Italian Treasury Econometric Model (ITEM) and QUEST III, the endogenous growth dynamic general equilibrium model of the European Commission in the version calibrated for Italy. The structural characteristics of the two models and the results of simulations are analyzed by using an array of shocks commonly examined in the evaluation of reforms. We conclude that the joint consideration of the two models can improve our understanding of how the assessment of policy interventions is likely to be affected by the uncertainty surrounding model-based evaluation.

Keywords: economic modelling; DGE; structural reforms; Italy. (search for similar items in EconPapers)
JEL-codes: C50 E10 E60 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Assessing policy reforms for Italy using ITEM and QUESTIII (2013) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Rivista di Politica Economica is currently edited by Gustavo Piga

More articles in Rivista di Politica Economica from SIPI Spa
Bibliographic data for series maintained by Sabrina Marino ().

Page updated 2022-05-07
Handle: RePEc:rpo:ripoec:y:2014:i:3:p:211-244