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Estimation Of A Linear Is Curve For Romania

Author

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  • IONESCU, Gabriela - Mariana

    (School of Advanced Studies of the Romanian Academy (SCOSAAR), Bucharest, Romania)

Abstract

The fiscal-budgetary policy is included in the economic policy of a country, addressing the set of public measures and institutions aimed to ensure a macroeconomic equilibrium of the real economy. The paper specifies, estimates, and analyses, from a qualitative as well as a quantitative point of view, a linear equation of the fiscal-budgetary policy in Romania, of the type IS (investment-saving), econometrically built, for the period 1995-2016, using official statistical data at the macroeconomic level. Data series that are analyzed using an econometric model are final consumption of households (private consumption) and gross fixed capital formation of non - financial corporations (private investment).

Suggested Citation

  • IONESCU, Gabriela - Mariana, 2017. "Estimation Of A Linear Is Curve For Romania," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 4(1), pages 75-82.
    • Handle: RePEc:vls:rojfme:v:4:y:2017:i:1:p:75-82
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    File URL: http://www.icfm.ro/RePEc/vls/vls_pdf_jfme/vol4i1p75-82.pdf
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    References listed on IDEAS

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    1. repec:cup:cbooks:9781107034662 is not listed on IDEAS
    2. Brooks,Chris, 2014. "Introductory Econometrics for Finance," Cambridge Books, Cambridge University Press, number 9781107661455, December.
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    Cited by:

    1. Chen, Simiao & Prettner, Klaus & Kuhn, Michael & Bloom, David E., 2021. "The economic burden of COVID-19 in the United States: Estimates and projections under an infection-based herd immunity approach," The Journal of the Economics of Ageing, Elsevier, vol. 20(C).

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    More about this item

    Keywords

    IS curve; fiscal-budgetary policy; real economy;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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