Using a Macroeconomic Model to Check Forecast Consistency

Cristian Nicolae Stanica ()
Additional contact information
Cristian Nicolae Stanica: Institute for Economic Forecasting, Romanian Academy; Faculty of Economic Sciences, Hyperion University of Bucharest.

Journal for Economic Forecasting, 2013, issue 1, 119-135

Abstract: In macroeconomic modelling a central role is played by the forecast of state budget revenues and expenditures, since the financial-budgetary resources are the bases of income redistribution in the society and orientate economic growth. In view to achieve a trade-off between sustainable stimulation of economic growth and the optimal level of budget revenues, various scenarios should be developed, depending on the governmental policies, by using financial programming models. The article includes the presentation of a reduced model used for drawing up a macroeconomic forecast version consistent with the medium-term budgetary planning assumed by the decision makers.

Keywords: macroeconomic modelling; national accounts; budget revenues and expenditure; behavioural equations (search for similar items in EconPapers)
JEL-codes: E17 E27 E62 H61 H68 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.ipe.ro/rjef/rjef1_13/rjef1_2013p119-135.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rjr:romjef:v::y:2013:i:1:p:119-135

Access Statistics for this article

Journal for Economic Forecasting is currently edited by Lucian Liviu Albu and Corina Saman

More articles in Journal for Economic Forecasting from Institute for Economic Forecasting Contact information at EDIRC.
Bibliographic data for series maintained by Corina Saman ( this e-mail address is bad, please contact ).