Workshop Macroeconomic Modelling and ForecastingRome, 10-11 December 2015

The workshop will provide an overview of the techniques and models used at Banca d’Italia for short- and medium-term forecasting, for the analysis of economic policy issues, and for counterfactual simulations. First, the quantitative tools in use at Banca d’Italia will be described; then the workshop will focus on the main applications of the econometric models that support some of our institutional activities, such as short- and medium-term forecasting, constructing risk scenarios, assessing the possible use of macroprudential policy tools, evaluating structural reform programs, and estimating the effects of alternative fiscal policies.