Macroeconomic model QUEST
policy support
policy role
QUEST III is a tool suitable for policy preparation and implementation. It is designed to analyze economic issues like the occurrence boom-bust cycles, the study of structural reforms (Lisbon process), fiscal policy, country debt stabilization and sustainability. Main policy areas requiring QUEST based analysis concern MIP (Macroeconomic Imbalance Procedure) assessments, EDP (Excess Deficit) procedures and debt sustainability analysis.
DG ECFIN uses QUEST III for macroeconomic policy analysis and research. Results of the studies feed into ECFIN policy repots. JRC supports DG ECFIN for the development of QUEST III, focusing on the estimation. JRC provides estimated versions of QUEST models for individual member states, used to support policy studies for macro-economic surveillance by DG ECFIN
policy cycle
This model contributes to the following phases of the policy cycle
policy areas
This model can contribute to the following policy areas
impact assessments
Starting from July 2017, this model supported the ex-ante impact assessments of the European Commission listed below.
- 06 February 2024
- 14 July 2021
- 28 October 2020
- 17 September 2020
- 07 June 2018
- 31 May 2018
- 29 May 2018