My discussion is articulated in three main points. First, I propose to make MeMo-It the first fully open source Italian Macroeconomic Model; the enlargement of the model's users to those outside Istat would ease the interaction of ideas between researchers interested in the empirical aspects of...

Academic macroeconomics and the research department of central banks have come to be dominated by Dynamic, Stochastic, General Equilibrium (DSGE) models based on micro-foundations of optimising representative agents with rational expectations. We argue that the dominance of this particular sort...

The Ateneo Macroeconomic and Forecasting Model (AMFM) is a small quarterly macroeconometric model of the Philippine economy. Designed for forecasting and policy analysis, the model generates results for key macroeconomic indicators. The underlying structure of the AMFM is similar to the short...

Academic macroeconomics and the research department of central banks have come to be dominated by Dynamic, Stochastic, General Equilibrium (DSGE) models based on micro-foundations of optimising representative agents with rational expectations. We argue that the dominance of this particular sort...

The potted histories of macroeconomics textbooks are typically Keynes-centric. Keynes is credited with founding macroeconomics, and the central developments in the field through the early 1970s, including largescale macroeconometric models are usually termed “Keynesian.” The story of...

In this paper a structural macroeconometric model for the Eurozone is presented. In opposite to the multi country modelling approach, the model relies on aggregate data on the supra-national level. Due to nonstationarity, all equations are estimated in an error correction form. The cointegrating...

The foundation of a functioning welfare state is a tax system that is widely accepted and considered to be fair and legitimate. How and by what means a tax collecting agency interprets the laws are thus seen to have an impact on taxpayers’ willingness to pay. This article addresses the various...