Forecasting the Romanian GDP in the Long Run Using a Monetary DSGE
In this study, I estimate a monetary DSGE model using Bayesian techniques and I use the estimated model to forecast the Romanian GDP in the long run. For the 2008-2010 period, the forecasts with the model confirm the present consensus among the economists about a growth potential of 5 to 6% for Romania. In the long run, the model forecasts a stable annual growth rate of about 4.9%.
Volume (Year): 6 (2009)
Issue (Month): 3 (September)
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