Scutaru, Cornelia; Stanica, Cristian Nicolae - In: Journal for Economic Forecasting 2 (2005) 4, pp. 25-43
This paper evaluates the output gap and the effects of the inflationist shocks to the Romanian economy. We use an extension of the Blanchard-Quah decomposition with three variables: the real output, the unemployment rate and the inflation. Three types of shocks are evaluated: the productivity...