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This paper describes the results of some stochastic simulation experiments performed on the most updated version of the Italian model. Due to a change in the income accounts system, the model has been completely reestimated using the new quarterly data. It consists of 128 equations, 50 of which...
Persistent link: https://www.econbiz.de/10008490464
Experiments of stochastic simulation on a macro model of the Italian economy; this paper describes the first results produced by the research team.
Persistent link: https://www.econbiz.de/10008532165
When dealing with nonlinear econometric models, resort is often made to simulation techniques for the investigation of their dynamic properties. A spectral analysis using stochastic and analytic simulation is carried out on a nonlinear model of the Italian economy. The two approaces are...
Persistent link: https://www.econbiz.de/10008560051