Acta Universitatis Danubius. Œconomica, Vol 15, No 4 (2019)

An Equilibrium Model with Applications for some of the African Countries – Part One

Catalin Angelo Ioan, Gina Ioan

Abstract


The model presented in this article is an adaptation of the IS-LM model for an open economyin which we took into account the temporal variable to more accurately determine the equilibrium levelsof the macroeconomic indicators. We analyzed the periods during which the values of the indicatorsexceeded the level of equilibrium and we identified the possible causes that led to these situations.

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