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An Equilibrium Model for an Open Economy. Romania’s Case

Author

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  • Catalin Angelo Ioan

    (Danubius University of Galati, Romania)

  • Gina Ioan

    (Danubius University of Galati, Romania)

Abstract

The model presented in this article is an adaptation of the IS-LM model for an open economy in which both the static aspects and dynamic ones are approached. Also, based on the model built, it is determined the level of potential GDP and the natural unemployment rate. The determination of marginal main indicators of GDP and interest rates, allow to identify problems and the directions of action to achieve economic equilibrium.

Suggested Citation

  • Catalin Angelo Ioan & Gina Ioan, 2013. "An Equilibrium Model for an Open Economy. Romania’s Case," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 9(1), pages 102-125, February.
    • Handle: RePEc:dug:actaec:y:2013:i:1:p:102-125
    as

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    References listed on IDEAS

    as
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