ASSESSMENT AND PROJECTION OF MACROECONOMIC INDICATORS BASED ON INSTITUTIONAL SECTORS ACCOUNTS
Journal Title: Revista Romana de Statistica - Year 2011, Vol 59, Issue 9
Abstract
The integrated theoretical framework of main non-financial indicators by institutional sectors, based on which a system of identity equations is to be developed, is built up starting from the basic accountancy rules of the system of national accounts. The respective system of equations, which illustrates the relationships between sectors’ income/expenditure and the main aggregates of national economy, could be used as a nucleus of any macroeconomic model. As an example, an application for a model with three sectors is presented, related to economy response to a fiscal policy measure.
Authors and Affiliations
Cristian STĂNICĂ
Keywords
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