Istat working papers 4/2015

Fabio Bacchini, Roberto Golinelli, Cecilia Jona-Lasinio

Versione integrale del n. 4/2105

In this paper we illustrate the empirical strategy to extend the macro-econometric model of the Italian economy to the energy sector and we show a first set of preliminary estimation results. We build an energy block in MeMo-It that interacts with the demand side of the economy. In particular, we model the demand of energy products and the dynamic of their relative prices in order to be able to evaluate the impact of energy policy measures on the Italian economy.