Economic activity - WITCH

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Model Documentation - WITCH
Corresponding documentation
Model information
Institution European Institute on Economics and the Environment (RFF-CMCC EIEE), Italy,
Solution concept General equilibrium (closed economy)
Solution method Optimization

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.