The traditional method to describe commodity markets with rational expectations is to link commodity prices with market shocks both on the supply and demand side. This study extends the traditional approach by specifying both the price and stock paths in terms of short and long run demand...

This study describes the development of the region Valle d'Aosta in a historical perspective by comparing the current economic conditions with those observed in 1963 and depicted by two regional SAMs. The SAM multipliers analysis reveals the core characteristics and the changes occurred during...