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Theoretical model used for macroeconomic analysis

Author

Listed:
  • Constantin ANGHELACHE

    (Academia de Studii Economice, Bucuresti, Universitatea “ARTIFEX” din Bucuresti)

  • Cristina SACALA

    (Academia de Studii Economice, Bucuresti)

Abstract

For the purpose of achieving macroeconomic prognoses, as formal descriptions of the future events, various models can be utilized, of different degrees of complexity and covering areas, up to the application of sophisticated techniques and models out of the instruments range of the statistics and econometrics domain. In order to rise the significance level of the prognoses, those achieving them do not apply only one model, so that the formal and informal models are constituting themselves as influence factors of the final prognosis.

Suggested Citation

  • Constantin ANGHELACHE & Cristina SACALA, 2016. "Theoretical model used for macroeconomic analysis," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(7), pages 57-60, July.
    • Handle: RePEc:rsr:supplm:v:64:y:2016:i:7:p:57-60
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    References listed on IDEAS

    as
    1. Batchelor, Roy, 2007. "Bias in macroeconomic forecasts," International Journal of Forecasting, Elsevier, vol. 23(2), pages 189-203.
    2. Franses, Ph.H.B.F. & McAleer, M.J. & Legerstee, R., 2010. "Evaluating Macroeconomic Forecast: A Review of Some Recent Developments," Econometric Institute Research Papers EI 2010-19, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
    3. Jing Zeng, 2015. "Combining Country-Specific Forecasts when Forecasting Euro Area Macroeconomic Aggregates," Working Paper Series of the Department of Economics, University of Konstanz 2015-11, Department of Economics, University of Konstanz.
    4. Roy Batchelor, 2007. "Forecaster Behaviour and Bias in Macroeconomic Forecasts," ifo Working Paper Series 39, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    5. Dimitrios P. Louzis, 2016. "Macroeconomic forecasting and structural changes in steady states," Working Papers 204, Bank of Greece.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Alexandru MANOLE & Emilia STANCIU, 2017. "The Importance Of The Forecasting Methodology In Establishing And Evaluating The National Action Directions," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(6), pages 154-162, June.

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