Integrating forecasting and simulation techniques. An analysis of the inflation rate in Romania’s EMU accession perspective

Authors

  • N. Barsan-Pipu Dimitrie Cantemir Christian University of Brasov, Romania
  • I. Tache Transilvania University of Brasov, Romania

Keywords:

forecasting, simulation, macroeconomic model, European Monetary Integration (EMU), nominal convergence indicator

Abstract

The paper discusses some aspects of integrating the forecasting and simulation techniques used in macroeconomic models. It proposes a method to evaluate Romania’s EMU accession chances in 2015, by a forecasting and simulation model, using a main nominal convergence indicator of the Romanian economy for the period 2007-2015, namely the inflation rate. The analysis is based on the recent data of the updated convergence program of Romania, 2009-2012.

Author Biographies

N. Barsan-Pipu, Dimitrie Cantemir Christian University of Brasov, Romania

Faculty of Finance, Banking and Accounting

I. Tache, Transilvania University of Brasov, Romania

Department of Finance, Accounting, and Economic Theory

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Published

2010-11-24

Issue

Vol. 3(52) (2010)

Section

ECONOMIC THEORY

License

Copyright (c) 2010 Bulletin of the Transilvania University of Brasov. Series V: Economic Sciences

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.