ON A GENERAL FRAME FOR MACROECONOMIC MODELLING􀀍

Emil Dinga and Camelia Baltaretu
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Emil Dinga: Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy
Camelia Baltaretu: Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy

Studii Financiare (Financial Studies), 2012, vol. 16, issue 1, 97-116

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.

Keywords: modelling; markets; sectoral block; national accounts (search for similar items in EconPapers)
JEL-codes: B41 C02 E01 E44 (search for similar items in EconPapers)
Date: 2012
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