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The Relevance of Using Mathematical Models in Macroeconomic Policies Theory

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Author Info
Nora Mihail (Academia de Studii Economice Bucuresti)
Abstract

The article presents a look of the principal’s mathematical models – starting with Theil, Hansen and Tinbergen work – and their results used to analysis and design macroeconomic policies. In modeling field changes are very fast in theoretical aspects of modeling the many problems of macroeconomic policies and in using in practice the different political models elaboration. The article points out the problems of static and dynamic theory used in macro-policies modeling.

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Publisher Info
Article provided by Asociatia Generala a Economistilor din Romania - AGER in its journal Theoretical and Applied Economics.

Volume (Year): 9(504) (2006)
Issue (Month): 9(504) (November)
Pages: 81-88
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Handle: RePEc:agr:journl:v:9(504):y:2006:i:9(504):p:81-88

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Related research
Keywords: political model; political objective; instrument variable; loss function; decision rule.;

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