The paper is organized in four chapters. The first describes the methodological framework of the investigation, insisting on defining the sectoral changes and the relative prices, as well as on their interaction (as expectations and as real processes); the theoretical considerations are...

In a maximally simplified scheme, the economy is an immense network of interacting entities (individuals, households, firms, institutions, regions, countries, international unions), reducible in the last instance to an, again, huge graph of transactions (in the largest sense). Well known couples...

The accession of our country to the European Union presupposes the adoption, understanding and enforcement by Romanian citizens of a new set of values among which tolerance, human rights and minority rights are accounted. These have as purpose to put to good use economically the cultural...

The study presents in the first chapter the applied methodology and the data used for the empirical research. The economic activities were grouped into 10 sectors by aggregating the extended input-output tables for Romania (with 105 branches). The chosen reference year is 2007 - the last year...

The financial, monetary and banking crisis of 2008 started as a matter of crediting subpremiums in the United States only on the 2nd Quarter of the year and extended quickly in the 3rd Quarter in Western European and then in th e4th Quarter in the Center and Eastern Europe and even far away in...

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 central argument of this paper is that both - internal and external - equilibria should be taken into account in the estimation of potential output. If only the data on inflation, unemployment rate, and wages are used for its evaluation, no certainty exists that such a level will correspond...

The structure of the macromodel used for simulations is presented in Introduction and in the Appendix. For the period 2005-2008, a Main Scenario was elaborated. It embodies performances envisaged in “Romania’s Medium-Term Economic Strategy” (2000) and in the 2001-2004 versions of the...

The version 2005 of the Romanian macromodel (Dobrescu 2005, 2006) was built using data for the period 1990 (sometimes 1989) - 2004. This paper insists on three (probably the most complicated) problems: the evaluation of export, import, foreign capital inflows and exchange rate in euros, since...

The paper presents a possible medium-run evolution of the Romanian economy. It is organised in two chapters. The first chapter discusses the conceptual framework of the macromodel used for simulations, insisting on the behavioural (stochastic) relationships and the sectoral decomposition of the...