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 main goal of the present work is to reveal the advantages of introducing the so called structural coefficient (SC) into economic analysis. SC is defined as an indicator of the similarity between a given sectoral structure and another, which is admitted as a referential. Consequently, the...

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:• CBE –...

The “core price index” is considered to be the component of headline (officially measured) price index which reflects price changes that tend to become irreversible. Being fully accommodated, the core price index does not affect the global real output on medium and long-run. Is this 'global...

The paper discusses several problems of estimating the total factor productivity used in the Romanian macroeconomic model. The author suggests some improvements of the formula adopted in the version 2005 of this macromodel

The last version of the Romanian macromodel (Dobrescu 2005b) incorporates the experience accumulated through the utilisation of its previous forms, either experimental (Dobrescu 1991-1994) or operational (Dobrescu 1996-2005a). At the same time, it introduces some methodological and informational...

The paper revises the previous author's estimates of the medium-term evolution of the Romanian economy. It is organized in three chapters. The first examines the most important crisis and post-crisis problems of Romania. The analysis is developed preponderantly from a structural point of view....

The paper describes the version (2012) of the Romanian economic macromodel. The model has been constructed taking into account the important consequences induced by the integration of the country into the European Union and by the world crisis. Some supplementary requests of the government...

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...