Response of Output in Romania to Macroeconomic Policies and Conditions

Yu Hsing, Wen-Jen Hsieh

Research output: Contribution to journalArticle

Abstract

This paper incorporates the monetary policy function and uncovered interest parity in examining the impacts of changes in major macroeconomic variables on real GDP in Romania. A lower ratio of government consumption spending to GDP, an appreciation of the expected real effective exchange rate, a lower world real interest rate, more world output, and a lower inflation rate would raise real GDP. Hence, fiscal prudence is needed, and the conventional approach of real depreciation to stimulate exports and raise real output does not apply to Romania.

Original languageEnglish
Pages (from-to)55-63
Number of pages9
JournalEkonomska Istrazivanja
Volume22
Issue number3
Publication statusPublished - 2009 Sep

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Macroeconomic policy
Macroeconomic conditions
Romania
Real GDP
Depreciation
Real effective exchange rate
Uncovered interest parity
Real output
Prudence
Inflation rate
Monetary policy
Policy function
Government consumption
Fiscal
Macroeconomic variables

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

Cite this

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Response of Output in Romania to Macroeconomic Policies and Conditions. / Hsing, Yu; Hsieh, Wen-Jen.

In: Ekonomska Istrazivanja, Vol. 22, No. 3, 09.2009, p. 55-63.

Research output: Contribution to journalArticle

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