Acta Universitatis Danubius. Œconomica, Vol. 15, No. 1 - 6

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  • Collective Authors

Abstract

The model presented in this article is an adaptation of the IS-LM model for an open economy
in which we took into account the temporal variable to more accurately determine the equilibrium levels
of the macroeconomic indicators. We analyzed the periods during which the values of the indicators
exceeded the level of equilibrium and we identified the possible causes that led to these situations.

References

Ioan, C.A. & Ioan, G. (2011). The Equilibrium Analysis of a Closed Economy Model with Government
and Money Market Sector. Acta Universitatis Danubius, Oeconomica, nr. 5, vol. 7, pp. 127-143.
Ioan, C.A. & Ioan, G. (2013). A Mathematical Model of an Open Economy with Applications in
Romania. Acta Universitatis Danubius, Oeconomica, nr. 5, vol. 9, pp.103-170.
Ioan, C.A. & Ioan, G. (2016), An Equilibrium Model for the Romanian Economy. Journal of Accounting
and Management, Nr. 2, Vol. 6, pp. 41 – 75.
Romer, David (1996). Advanced Macroeconomics. McGraw-Hill.
*** http://databank.worldbank.org/data/home.aspx.
*** https://fred.stlouisfed.org/series/.

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Published

2021-06-28

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