The VERM model is a tool used to analyze the effects of different policies on the economy, such as taxes, regional development, and the environment. It helps predict how these policies will impact things like jobs and overall well-being. The model is especially useful when policies affect multiple parts of the economy or have conflicting effects. Researchers at VATT, a Government Institute for Economic Research, have been using the VERM model to study how different policies influence the economy, with a focus on regional development and labor markets. The model uses numerical methods to simulate different scenarios and predict outcomes.