The determination of the $/£ exchange rate is studied in a small symmetric macroeconometric model including UK-US differentials in inflation, output gap, short and long-term interest rates for the four decades since the breakdown of Bretton Woods. The key question addressed is the possible...

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

This paper uses potential outcome time series to provide a nonparametric framework for quantifying dynamic causal effects in macroeconometrics. This provides sufficient conditions for the nonparametric identification of dynamic causal effects as well as clarify the causal content of several...

Jedną z metod przewidywania skutków decyzji jest posługiwanie się symulacyjnymi i analitycznymi modelami gospodarki narodowej lub jej wycinków. Konstrukcja dobrego makromodelu to przedsięwzięcie trudne, kosztowne i długotrwałe. Wymagania informacyjne tradycyjnych makromodeli są...

This study extends the current New Keynesian modeling framework by changing one crucial aspect: it replaces the general equilibrium assumption by the arguably more realistic assumption of macroeconomic disequilibrium. As a result, more complex and less smooth macroeconomic adjustment dynamics...

This paper investigates the relationship among investments, exports and economic growth for G-7 countries for the period 1975-2017, except for Germany (1991-2017), estimating a simultaneous system equations model. The Group of Seven countries (G7) is a group consisting of Canada, France,...

This paper develops an econometric price model with fundamental impacts for intraday electricity markets of 15-minute contracts. A unique data set of intradaily updated forecasts of renewable power generation is analyzed. We use a threshold regression model to examine how 15-minute intraday...

The standard linear technique of impulse response function analysis is extended to the nonlinear case by defining a generalized impulse response function. Measures of persistence and asymmetry in response are constructed for a wide class of time series

In this paper, the author uses classical and modern econometric methods for the modeling of the economic growth rate dynamics in Romania, during the period 1990-2004. The output of this analysis is an econometric model that describes the dynamics of the economic growth process in Romania during...