Acta Universitatis Danubius. Œconomica, Vol 9, No 1 (2013)

An Equilibrium Model for an Open Economy. Romania’s case

Catalin Angelo Ioan, Gina Ioan

Abstract


The modelpresented in this article is an adaptation of the IS-LM model for an openeconomy in which both the static aspects and dynamic ones are approached. Also,based on the model built, it is determined the level of potential GDP and thenatural unemployment rate. The determination of marginal main indicators of GDPand interest rates, allow to identify problems and the directions of action toachieve economic equilibrium.

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