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An Econometric Approach regarding Anticrisis Measures
Keywords
economic cycle, depression;, industrial output index, reference rate, fiscal policy, monetary policy, economic model, control variable, leader variable, econometric model with simultaneous equations
Abstract
It is the purpose of this article to discuss certain econometric elements with a view to perceive the economic crisis signals and especially to reduce recession effects and overcome such a stage of the economic cycle. Together economic theory, including policy measures and econometric methods provide certain chances to hurry up the end of depression. Thus, a simultaneous equation model adopted to simulate policy targets can be recommended in view to obtain new elements for an impact analysis and also for prognosis of main economic indicators.