GREM is a macroeconometric
model based on annual data, constructed by GRETA in order to provide alternative scenario forecasts of economic
variables that are prominent in the regional programming process
and in the evaluation of Community
structural assistance. The time forecasting horizon is
2013 in agreement with the actual European programming horizon,
but it can be modified on the user’s request.
The aim of GREM is to satisfy the information
needs that arise in regional programming process and in the
impacts evaluation process at European, national and local
level. The model is quarterly updated and can therefore provide
a continuous view of the expectation changes due to short
term policy variations.
The major feature of the service is the definition of two
alternative scenarios of markets evolution. It also provides
the possibility for users to propose alternative scenarios
based on their own assessment of the conjuncture behaviour.