As any large general equilibrium model, RHOMOLO constantly evolves over time. The mathematical description of the model published in 2018 is a snapshot of RHOMOLO V3 and represents the most up-to-date reference for the model currently available.  

The aim is to offer the reader and the potential users of the model an intuition of the transmission channels featured in RHOMOLO. In addition to the equations of the model and a short description of the dataset used for the calibration of the base year, the Technical Report also contains a simulation exercise as an illustrative example of the potential analysis that can be carried out with the model.