The Relevance of Using Mathematical Models in Macroeconomic Policies Theory

Nora Mihail
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Nora Mihail: Academy of Economic Studies, Bucharest

Theoretical and Applied Economics, 2006, vol. 9(504), issue 9(504), 81-88

Abstract: The article presents a look of the principal’s mathematical models – starting with Theil, Hansen and Tinbergen work – and their results used to analysis and design macroeconomic policies. In modeling field changes are very fast in theoretical aspects of modeling the many problems of macroeconomic policies and in using in practice the different political models elaboration. The article points out the problems of static and dynamic theory used in macro-policies modeling.

Keywords: political model; political objective; instrument variable; loss function; decision rule. (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:9(504):y:2006:i:9(504):p:81-88

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