An Equilibrium Model for an Open Economy. Romania’s case
The model presented in this article is an adaptation of the IS-LM model for an openeconomy in which both the static aspects and dynamic ones are approached. Also, based on the modelbuilt, it is determined the level of potential GDP and the natural unemployment rate. Thedetermination of marginal main...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Danubius University
2013-02-01
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| Series: | Acta Universitatis Danubius: Oeconomica |
| Subjects: | |
| Online Access: | http://journals.univ-danubius.ro/index.php/oeconomica/article/view/1683/1438 |
| Summary: | The model presented in this article is an adaptation of the IS-LM model for an openeconomy in which both the static aspects and dynamic ones are approached. Also, based on the modelbuilt, it is determined the level of potential GDP and the natural unemployment rate. Thedetermination of marginal main indicators of GDP and interest rates, allow to identify problems andthe directions of action to achieve economic equilibrium. |
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| ISSN: | 2065-0175 2067-340X |