MACGEM IT- A SAM based CGE model for Italian Economy

Government of the Italian Republic (Italy), Ministry of Economy and Finance, Department of the Treasury Working Paper No. 1 (2020)

32 Pages Posted: 8 Jun 2020

See all articles by Francesco Felici

Francesco Felici

Government of the Italian Republic (Italy) - Ministry of Economy and Finance - Department of the Treasury

Claudio Socci

Università degli Studi di Macerata

Maurizio Ciaschini

Università degli Studi di Macerata

Francesca Severini

University of Macerata

Rosita Pretaroli

Università degli Studi di Macerata

Date Written: March 28, 2020

Abstract

The continuous evolution of the regulatory framework requires the development of analysis instruments able to support the policy maker in designing and quantifying the impact of selected policy measures. With this intent, the Italian Ministry of Economic and Finance developed a static Computable General Equilibrium model, namely MACGEM-IT model. Specifically built to reproduce the characteristics of Italian economy, the MACGEM-IT model is calibrated on the Social Accounting Matrix for Italy and is a multi-input, multi-output and multi-sector static CGE model. It provides a measure of the aggregate, disaggregate, direct and indirect response of the economic system to economic policy measures.

Keywords: CGE, SAM, fiscal policy, impact analysis

JEL Classification: C68, D58, E16, E17, E62, H30

Suggested Citation

Felici, Francesco and Socci, Claudio and Ciaschini, Maurizio and Severini, Francesca and Pretaroli, Rosita, MACGEM IT- A SAM based CGE model for Italian Economy (March 28, 2020). Government of the Italian Republic (Italy), Ministry of Economy and Finance, Department of the Treasury Working Paper No. 1 (2020), Available at SSRN: https://ssrn.com/abstract=3599168 or http://dx.doi.org/10.2139/ssrn.3599168

Francesco Felici (Contact Author)

Government of the Italian Republic (Italy) - Ministry of Economy and Finance - Department of the Treasury ( email )

Via XX Settembre, 97
Rome, 00187
Italy
00390647614197 (Phone)

Claudio Socci

Università degli Studi di Macerata ( email )

V.le del Vignola 73
Macerata 62100, MC
United States

Maurizio Ciaschini

Università degli Studi di Macerata ( email )

V.le del Vignola 73
Macerata 62100, MC
United States

Francesca Severini

University of Macerata ( email )

V.le del Vignola 73
Macerata 62100, MC
United States

Rosita Pretaroli

Università degli Studi di Macerata ( email )

V.le del Vignola 73
Macerata 62100, MC
United States

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