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The Econometric Analysis Of Macroeconomic Policies Applied In The Republic Of Moldova Over The Period 1994-2004

Author

Listed:
  • Partachi, Ion

    (Academy of Economic Studies, Republic of Moldova, Chisinau)

  • Grosu, Irina

    (Academy of Economic Studies, Republic of Moldova, Chisinau)

Abstract

The simulation of different macroeconomic policies depending on numerous objectives of national importance is a first order necessity for the Republic of Moldova, given the problems that it has to face in the transition period. Three macroeconomic models are presented and simulated: one of the monetary and credit policy, one of the fiscal policy and one of the economic reality, intended to observe how the macroeconomic policies applied in Moldova influence in common the main macroeconomic indicators that describe the country’s economy. In order to discern more realistically the future evolution of the economic growth in the Republic of Moldova, a comparison between the results obtained by means of the macroeconomic model and the expected levels obtained by the Strategy of Economic Growth and Diminution of Poverty over the period 2004-2006 is elaborated.

Suggested Citation

  • Partachi, Ion & Grosu, Irina, 2005. "The Econometric Analysis Of Macroeconomic Policies Applied In The Republic Of Moldova Over The Period 1994-2004," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 2(4), pages 109-119.
    • Handle: RePEc:rjr:romjef:v:2:y:2005:i:4:p:109-119
    as

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    More about this item

    Keywords

    macroeconomic policies; monetary policy; fiscal policy; econometric analysis; macroeconomic models;
    All these keywords.

    JEL classification:

    • E0 - Macroeconomics and Monetary Economics - - General
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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