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also show that more than half of the series are nonlinear which indicates the importance of testing the nonlinearity of …
Persistent link: https://www.econbiz.de/10010583868
We discuss the application of a new test for nonlinearity for economic time series. We apply the test for several …
Persistent link: https://www.econbiz.de/10011265556
The current paper attempts to describe the labor market parameter dynamics using a different method, namely the semi-Markovian processes. This method allows for the labor market study without the large fluctuations that occurred at a certain moment in time impinging upon the results of the...
Persistent link: https://www.econbiz.de/10005827561
mix of forecasting models, like „medium-term” ones and „long-run” models. In this respect three alternative models are …
Persistent link: https://www.econbiz.de/10005827575
The paper’s main purpose is to assess the short-, medium- and long-term sustainability of fiscal policy in the great majority of the EU and non-EU member states in the Mediterranean Region. By using mainstream (primary fiscal gap) theory (proposed by Buiter (1983) and Blanchard (1990)), the...
Persistent link: https://www.econbiz.de/10005827581
This article presents alternative scenarios of macroeconomic dynamics for Romania. The author starts by presenting the structure of the model used for simulations. Two scenarios are developed for the 2003-2010 period. The first one, the desirable scenario, embodies performances envisaged in the...
Persistent link: https://www.econbiz.de/10005827602
The problem of forecasting the economic systems' activity over a large time horizon is the main concern of both the …
Persistent link: https://www.econbiz.de/10005827619
The paper presents the yearly and monthly forecast of the Romanian transition economy performed on the basis of the “Dobrescu” macromodel.
Persistent link: https://www.econbiz.de/10005827625
The paper presents the yearly and monthly forecast of the Romanian transition economy performed on the basis of the “Dobrescu” macromodel.
Persistent link: https://www.econbiz.de/10005827629
Macroeconomic forecasting started around the Second World War as a way to test economic theories, but it also has a …. During the last decades, the economic forecasting and macroeconomic modelling have taken on an increasingly important role in … presenting synthetically the last trends in forecasting and macroeconomic modelling. The next part is devoted to show how new …
Persistent link: https://www.econbiz.de/10009321269