The objective of the paper is to establish the appropriateness of integrating in predictive simulation an econometric estimation of a given variable into a standard moving average process (a linear algorithm with constant positive weights of distributed lags). The empirical search relates to the...

The goal of this paper is to check the applicability of RAS procedure (in its conventional definition) on statistical series of an emergent economy, as the Romanian one. As it is known, during transition from centrally planned system to market mechanisms, the society passes through deep...

The paper examines several facets of the interaction between “inflation targeting policy” and “pegged float exchange rate regime”, using the last version of the Romanian macromodel. The implications induced by changes in the following exogenous variables are quantitatively estimated: •...

The paper discusses several problems of estimating the total factor productivity included in the aggregate production function used in the Romanian macroeconomic model. The author suggests an improvement of the formula adopted in the version 2005 of this macro-model.