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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

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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.

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