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The Multisector Applied Computable General Equilibrium Model for Italian Economy (MACGEM-IT)
Italian Economic Journal Pub Date : 2020-03-13 , DOI: 10.1007/s40797-020-00127-y
Claudio Socci , Francesco Felici , Rosita Pretaroli , Francesca Severini , Renato Loiero

The continuous evolution of the institutional and regulatory framework requires the development of analysis instruments able to support the policy maker in designing and evaluating the impact of specific policy measures for the achievement of selected targets. With this intent, the MACGEM-IT model is developed to measure the aggregate and disaggregated, direct and indirect impacts of economic policy proposals within the economic system. Specifically built to reflect the characteristics of Italian economy, MACGEM-IT is a multi-input, multi-output and multi-sector static CGE model calibrated on the Social Accounting Matrix for Italy. It incorporates rigidities on prices, market imperfections and specific constraints on the behaviour of selected institutional sectors. The capability of the model to track the transmission mechanisms of policy measures and identify their direct, indirect and induced effects in the economy, is tested through a set of fiscal policy simulations.



中文翻译:

意大利经济的多部门应用可计算一般均衡模型(MACGEM-IT)

体制和监管框架的不断发展要求开发能够支持政策制定者设计和评估特定政策措施对实现选定目标的影响的分析工具。为此,开发了MACGEM-IT模型,以衡量经济系统中经济政策建议的总和分类,直接和间接影响。MACGEM-IT是专门为反映意大利经济特征而建立的,它是在意大利社会会计矩阵上校准的多输入,多输出和多部门静态CGE模型。它纳入了对价格的僵化,市场不完善以及对选定机构部门行为的特定限制。

更新日期:2020-03-13
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