A main problem for macroeconomic studies continues to be the estimation of capital stock and some derived indicators like coefficient of capital, depreciation rate, etc. In this way we are proposing a simple and intuitively model in order to estimate such basic macroeconomic indicators but...

Coming from lessons done by standard economic growth theories and empirical evidences, we are considering the convergence in the level of income per capita as a result of structural changes in economy. Based on some our old studies, we investigate the differences among countries in EU in terms...

The revised Lisbon Strategy has decided upon an integrated programme of policy reforms envisaging the labor market in the context of globalization, demographic changes and fast technological progress, transposed into the integrated guidelines. Such reforms aimed at increasing the employment...

At present, there is not an unique indicator to evaluate the converge process. Varying with the assumptions and methodologies considered, with the indicators used and with the periods analysed, the results of the studies on convergence in the European Union are often ambiguous. Some of them...

Drawing on the existing theory, in this paper we analytically evaluate the limitvalues of certain important parameters involved in models used to estimate the size of the informal economy and to explain its workings. We develop a model which combines the level of income and the tax rate as the...

In this paper we analyze the impact of quantitative easing policies issued by the European Central Bank, the Bank of England, the Federal Reserve and the Bank of Japan on credit risk, in nine states belonging mainly to the Central and Eastern European area. We use an ARMA-GARCH model to obtain...

Equilibrium real exchange rate provides useful information on the harmonisation of convergence criteria with exchange rate stability criteria; a requirement for accession to the European Monetary Union. This study applies econometric procedures for identifying the equilibrium real exchange rate...

The paper presents some results revealing the existence of the Balassa-Samuelson effect in Romania as well as some estimates of its impact on inflation, appreciation of the real exchange rate and rising competitiveness of the Romanian economy. * Study within the CEEX Programme Project No....

The revised Lisbon Strategy has decided upon an integrated programme of policy reforms envisaging the labor market in the context of globalization, demographic changes and fast technological progress, transposed into the integrated guidelines. Such reforms aimed at increasing the employment...

The connection between the macroeconomic development on one hand and the stock market dynamics on the other hand is the focus of many research initiatives. We are trying to apply the methodology used in the field of macroeconomic convergence to the dynamics of market capitalization for European...