This paper documents the structure, estimation and simulation properties of the Italian block of the ESCB … simulation analysis. The specification of the Italian model follows closely that of the Area-Wide Model (AWM) and indeed the …

accumulation. Investment incentive programmes, at least in Italy, have been part of the Standard government budget for a long time … incentives schemes have been analysed performing numerical simulation of equal-yield tax changes within a general equilibrium … growth model for Italy with overlapping generations. An intertemporal model has been used since the political discussion …

procedure is illustrated with a simulation of alternative reforms of the income support policies in Italy. …-time jobs). The most common use of these models is the simulation of tax-transfer reforms. The simulation is usually interpreted … simulation procedure, however, typically keeps fixed the estimated alternative-specific constants. In this note we argue that …

opportunities. It examines Italy's experience during the 1990s, when policy changes prompted HE institutions to offer a wider range …

methods (among others analyses of fiscal forecast quality, stock flow adjustments, consolidation structure and a simulation of …