Recursive Dynamic Model - RunDynam

CGE models, like RunDynam, are computer-based simulations which calculate the future state of the global economy (including any country or region specifically analysed) as a consequence of a specified set of (trade) policy changes.

RunDynam is used, among other models and other approaches, for the economic analysis (Impact Assessment) within the different steps of any EU trade policy initiative. A Commission Impact assessment (IA) is needed before major trade negotiations can begin and for all other significant trade policy proposal, a trade sustainability impact assessment (SIA) is carried out during negotiations process and finally the economic assessment of the negotiated outcome (EANO) focuses on the economic value of trade barrier reductions following the final, precise outcome of the negotiations. In all these steps, RunDynam could be used for the economic assessment.

Reference for EC Impact assessment can be found here: https://ec.europa.eu/trade/policy/countries-and-regions/negotiations-and-agreements/.