My discussion is articulated in three main points. First, I propose to make MeMo-It the first fully open source Italian Macroeconomic Model; the enlargement of the model's users to those outside Istat would ease the interaction of ideas between researchers interested in the empirical aspects of the Italian politico-economical issues. Second, I analyze the MeMo-It structure in the light of the taxonomy of Pagan (2003). As a result, I uggest that MeMo-It modellers should improve their knowledge of MeMo-It long run properties, in order to rise its degree of coherence with the economic theory, without lowering its current degree of coherence with the data. Third, I introduce some preliminary results to extend the MeMo-It ability to give relevant policy answers: my example is about the interaction of financial markets behaviors and fiscal multipliers, and it tackles the issue of controlling the ratio of public debt on GDP in the long run.

The ISTAT MeMo-It macroeconometric model: comments and suggestions for possible extensions

BONTEMPI, MARIA ELENA
2013

Abstract

My discussion is articulated in three main points. First, I propose to make MeMo-It the first fully open source Italian Macroeconomic Model; the enlargement of the model's users to those outside Istat would ease the interaction of ideas between researchers interested in the empirical aspects of the Italian politico-economical issues. Second, I analyze the MeMo-It structure in the light of the taxonomy of Pagan (2003). As a result, I uggest that MeMo-It modellers should improve their knowledge of MeMo-It long run properties, in order to rise its degree of coherence with the economic theory, without lowering its current degree of coherence with the data. Third, I introduce some preliminary results to extend the MeMo-It ability to give relevant policy answers: my example is about the interaction of financial markets behaviors and fiscal multipliers, and it tackles the issue of controlling the ratio of public debt on GDP in the long run.
2013
Bontempi, M. E.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11585/131018
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