IGEM: a Dynamic General Equilibrium Model for Italy

Barbara Annicchiarico (), Fabio Di Dio (), Francesco Felici and Libero Monteforte

No 4, Working Papers from Department of the Treasury, Ministry of the Economy and of Finance

Abstract: This paper provides a full technical account of the Italian General Equilibrium Model (IGEM), a new dynamic general equilibrium model for the Italian economy developed at the Department of Treasury of the Italian Ministry of the Economy and Finance. IGEM integrates typical New Keynesian elements, such as imperfect competition and nominal rigidities, into a general equilibrium framework. One of the key features of the model is the detailed representation of the labor market, designed to capture the dualism of the Italian economic system. The new model will serve as a laboratory for policy analysis.

Keywords: Dynamic General Equilibrium Model; Simulation Analysis; Italy (search for similar items in EconPapers)
JEL-codes: E27 E30 E60 (search for similar items in EconPapers)
Pages: 54
Date: 2013-04
New Economics Papers: this item is included in nep-dge, nep-eec, nep-iue and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

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