AMBIENTUM BIOETHICA BIOLOGIA CHEMIA DIGITALIA DRAMATICA EDUCATIO ARTIS GYMNAST. ENGINEERING EPHEMERIDES EUROPAEA GEOGRAPHIA GEOLOGIA HISTORIA HISTORIA ARTIUM INFORMATICA IURISPRUDENTIA MATHEMATICA MUSICA NEGOTIA OECONOMICA PHILOLOGIA PHILOSOPHIA PHYSICA POLITICA PSYCHOLOGIA-PAEDAGOGIA SOCIOLOGIA THEOLOGIA CATHOLICA THEOLOGIA CATHOLICA LATIN THEOLOGIA GR.-CATH. VARAD THEOLOGIA ORTHODOXA THEOLOGIA REF. TRANSYLVAN
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STUDIA OECONOMICA - Ediţia nr.3 din 2015 | |||||||
Articol: |
ROMANIAN ECONOMY PROFILE BASED ON A STOCHASTIC ANALYSIS. Autori: . |
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Rezumat: The paper captures, based on a simplified, small-size dynamic stochastic general equilibrium model and on Bayesian instruments, the evolution of the Romanian economy since the beginning of this century. The depicted economy is governed by basic representative agents: household, firm, financial organism, embodied by banks, and monetary authority, playing a subsidiary role. Two shocks are considered, the technology real shock and the money stock nominal shock, both of them impacting the economy and changing the trajectory of the relevant economic variables. The steady-state return time of the model variables and the estimates of the parameters allow us to set the pattern of future economic trends and to make pertinent decisions so as to attain sustainable macro-stabilization. JEL Classification : C61, D12, D22 Keywords : stochastic analysis, Bayesian approach, steady-state of variables, technology and money stock impulse, general equilibrium |
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