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On A General Frame For Macroeconomic Modelling􀀍

Author

Listed:
  • Dinga, Emil

    (Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy)

  • Baltaretu, Camelia

    (Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy)

Abstract

The purpose of the research project was to identify the methodological bases for the aggregate description of the Romanian national economy, both logically and in terms of the sources of empirical data for modelling. The specific objectives of the project were: a) description of the economic markets in correlation with the logic description of the economic behaviours; b) determination of the sectoral blocks of the Romanian economy, on the basis of the homogeneity of the economic; activity and behaviour; c) association of the sectoral blocks to the national accounts, so as to ensure the sources of empirical data for the calibration and utilisation of the model; d) association of the sectoral blocks to the economic markets; e) association of the national accounts with the economic markets; f) identification of the classes of interactions between the determined sectoral blocks.

Suggested Citation

  • Dinga, Emil & Baltaretu, Camelia, 2012. "On A General Frame For Macroeconomic Modelling," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 16(1), pages 97-116.
  • Handle: RePEc:vls:finstu:v:16:y:2012:i:1:p:97-116
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    More about this item

    Keywords

    modelling; markets; sectoral block; national accounts;

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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