by
Partachi, Ion and Grosu, Irina
Published in Romanian Journal of Economic Forecasting, 2005, volume 6 issue
4,
The simulation of different macroeconomic policies depending on numerous objectives of national importance is a first order necessity for the Republic of Moldova, given the problems that it has to face in the transition period. Three macroeconomic models are presented and simulated: one of the monetary and credit policy, one of the fiscal policy and one of the economic reality, intended to observe how the macroeconomic policies applied in Moldova influence in common the main macroeconomic indicators that describe the country’s economy. In order to discern more realistically the future evolution of the economic growth in the Republic of Moldova, a comparison between the results obtained by means of the macroeconomic model and the expected levels obtained by the Strategy of Economic Growth and Diminution of Poverty over the period 2004-2006 is elaborated.
Keywords:
macroeconomic policies, monetary policy, fiscal policy, econometric analysis, macroeconomic models
JEL Classification:
E0, E52, E62, C22