In line with the global market evolution, during 2011-2013 recession, Italy and Spain showed the largest gaps between (strongly decreasing) domestic and (increasing) foreign demand. In Italy such trends have been both a key factor in selecting enterprises and a cause for a readjustment in the...

This paper provides a description of Istat’s new Macroeconometric Model MeMo-It. This is the tool used by Istat to produce bi-annual medium-term forecasts of the Italian economy since May 2012. The key model’s features are illustrated and compared with other modeling approaches used in the...