Economic forecasts and microsimulations

Ascolta

On January 1, 2011 some of the functions performed by Isae were handed over to Istat which expanded its competence and strengthened its role in relation to policy makers and the community.

In particular, they include forecasting and short-, medium- and long-term economic analysis and the development of microsimulation models of the effects of fiscal policies on households, businesses and institutions.

The results of forecast activities are disseminated through different products.

	Italy's Economic Outlook provides estimates of Gdp and its main components, calculated twice a year – in May and November – for the current and the two subsequent years. The processing is based on the forecasting model MeMo-It (Macroeconometric Model for Italy) developed by Istat (please, see Rivista di statistica ufficiale n.1/2013).
	Euro Zone Economic Outlook is a quarterly estimate of the trend of key Euro indicators. The note is prepared jointly by the IFO for Germany, KOF for Switzerland and ISTAT for Italy.
	The Monthly report provides an update of the progress of the Italian economy along with quarterly forecasts of the Italian GDP growth and some analysis of the leading economic indicators. The note is published within the first week of the following month.

The results of the development of microsimulation models for policy assessment are made available through different products.