Economic activity - WITCH
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| Corresponding documentation | |
|---|---|
| Previous versions | |
| Model information | |
| Model link | |
| Institution | European Institute on Economics and the Environment (RFF-CMCC EIEE), Italy, http://www.eiee.org. |
| Solution concept | General equilibrium (closed economy) |
| Solution method | Optimization |
| Anticipation | |
We calibrate Total Factor Productivity (TFP) to match the SSP baseline GDp projections in a no policy scenarios. In all other scenarios TFP is held constant and GDP reacts endogenously.