ESTIMATION OF A LINEAR IS CURVE FOR ROMANIA

Gabriela - Mariana Ionescu
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Gabriela - Mariana Ionescu: School of Advanced Studies of the Romanian Academy (SCOSAAR), Bucharest, Romania

Journal of Financial and Monetary Economics, 2017, vol. 4, issue 1, 75-82

Abstract: The fiscal-budgetary policy is included in the economic policy of a country, addressing the set of public measures and institutions aimed to ensure a macroeconomic equilibrium of the real economy. The paper specifies, estimates, and analyses, from a qualitative as well as a quantitative point of view, a linear equation of the fiscal-budgetary policy in Romania, of the type IS (investment-saving), econometrically built, for the period 1995-2016, using official statistical data at the macroeconomic level. Data series that are analyzed using an econometric model are final consumption of households (private consumption) and gross fixed capital formation of non - financial corporations (private investment).

Keywords: IS curve; fiscal-budgetary policy; real economy (search for similar items in EconPapers)
JEL-codes: C51 E62 H30 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:4:y:2017:i:1:p:75-82

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