The paper presents a synthesis of the yearly and monthly forecast of the Romanian transition economy performed on the basis of the “Dobrescu” macromodel, fifth version, used for the elaboration of “Romania’s Medium-Term Economic Strategy” for the integration into the European Union...

With the collapse of the socialist system in Eastern Europe and the advancement of the European Union integration process of the formerly communist countries, many of which are increasingly likely to join the single European market in the foreseeable future, the informal sector in transitional...

The paper investigates the taxonomy of the households participating in informal activities in Romania using econometric and clusters analysis. The models employed consider that the economy consists of three sectors: formal, informal and public. Only economic agents and workers in the formal...

Considering the previous year's results, the paper re-addresses the issue of inflationary shocks dynamics and the dynamics of the foreign imbalance - induced shocks. The ideea of a correlation between the foreign imbalances and the output gap was first introduced by Acad. Emilian Dobrescu (2004)...

The paper analyzes the budgetary policy variables and presents an econometric model for quantifying the benefits and the direct costs of European enlargement for a candidate country. By formalizing the relationship with the European Union, we identify both the potential direct benefits, measured...

The process of European Union enlargement brings both economic benefits and costs to Eastern European candidate countries. While the latter are in general more visible directly and frequently occur in the short run, the former are more difficult to quantify and not that obvious for the taxpayer...