New Bank of Italy Model Predicts Economic Trends and Policy Impacts
The Bank of Italy has a big model that helps predict how the economy will do. They updated the model to make it better at guessing what might happen in the future. The model looks at how money stuff and real stuff in the economy affect each other. It's used to make predictions about the economy and to see how different policies might change things. The researchers found that the model can help figure out what might happen if the government changes its money or spending plans.