This paper aims to describe the economy of the Republic of Moldova from a neo-classical perspective, with an emphasis on the opening of the economy in a neo-Keynesian context. It was concluded that from the point of view of different indicators, the optimal model of accumulations to the state...

The article describes a dynamic general equilibrium for the Republic of Moldova, in the context of declining oil prices and COVID-19. We try to introduce an intergenerational model with the stochastic component, where we describe each self-employed agent, rather we try to adapt the model in a...

The article describes a dynamic general equilibrium for the Republic of Moldova, in the context of declining oil prices and COVID-19. We try to introduce an intergenerational model with the stochastic component, where we describe each self-employed agent, rather we try to adapt the model in a...

The article describes a specific canonical form of IS-LM model under Inflation Targeting. Throughout last two decades, economy of Republic of Moldova have gone through recurrent periods of boom and bust. This is the fascinating phenomenon of business cycles and economic fluctuations. Although...

This paper presents a quarterly estimated structural macro econometric model for the Republic of Moldova, denoted macro econometric data model (MDM). This model has been developed with four uses in mind: the assessment of economic conditions in the Republic of Moldova, macroeconomic forecasting,...

We argue that many confusions relating to the system of methods used in a particular area of study economics and econometrics, if we a considering in time-series forecasting might be considered as arising out of ambivalence or inconclusiveness about the error terms. Relationships between...

This paper presents a quarterly structural macroeconomic model for the Republic of Moldova, which is known as the macroeconomic data model (MDM). This model can be used to assess economic conditions in the Republic of Moldova, forecast the macro economy, analyze policy options, and deepen our...

This study examines the effects of fiscal policy on the economy under uncertainty of public debt. Fiscal policy refers to the actions of government in collecting and spending private resources. As its title suggests, the paper is concerned with the dynamic aspects of fiscal policy. These include...

The classical IS-LM model does not have inflation and inflation expectation in it; it is exogenous. The LM curve shifts as the price level changes and subsequently the real money supply changes assuming the money stock stays the same. The decreasing interest rate pressure on the private sector...

This paper proposes a simple method to estimate a macro shock-specific Okun elasticity: it measures by how much the unemployment rate falls over a certain horizon when output increases by one percentage point over the same horizon because of a specific macroeconomic shock. Inference is based...