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“The St. Louis” Model Used In The Analysis Of The Romanian Economy

Author

Listed:
  • Mirela DIACONESCU

    (The Bucharest University of Economic Studies Bucharest)

  • Mihai DIACONESCU

    (The Bucharest University of Economic Studies Bucharest)

  • Liviu-Stelian BEGU

    (The Bucharest University of Economic Studies Bucharest, Department of Statistics and Econometrics)

Abstract

The paper is intended to be primarily a factual developments illustrate the main economic indicators in the context of Romania's crisis by creating a digital picture to illustrate the main effects of the country. We proposed the application of an econometric model using as a set of macroeconomic indicators compiled data for Romania for the period 2000 to 2012. This will allow certain scenarios and forecasting developments in the context of model assumptions (2013-2014). The St. Louis model can be used successfully in forecasting the Romanian economy. Another issue raised by the paper is related to the validity of the model used and how plausible conclusions can be reached after application.

Suggested Citation

  • Mirela DIACONESCU & Mihai DIACONESCU & Liviu-Stelian BEGU, 2014. "“The St. Louis” Model Used In The Analysis Of The Romanian Economy," Journal of Social and Economic Statistics, Bucharest University of Economic Studies, vol. 3(1), pages 53-60, JULY.
    • Handle: RePEc:aes:jsesro:v:3:y:2014:i:1:p:53-60
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    File URL: http://jses.ase.ro/downloads/Vol3NO1/begu.pdf
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    References listed on IDEAS

    as
    1. Robert G. King & Alexander L. Wolman, 2013. "Inflation Targeting in a St. Louis Model of the 21st Century," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 543-574.
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    More about this item

    Keywords

    crisis; econometric model; endogenous variables; exogenous variables;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General

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