ECTAP
 
HomeDespre ECTAEventsPolitica editorialaTrimite un articolParteneri / link-uri utileArchiveAbonamentContact
 

ISSN 1841-8678   (print)
ISSN 1844-0029   (online)

News

Archive ECTAP

Note: for the period 1994-2003 the archive of the magazine will not be available online

Supplements ECTAP

If you cannot open the pdf file you need Adobe Reader.
download Adobe Reader

Creative Commons License

Theoretical and Applied Economics
No. 10 / 2013 (587)

Forecasting of the economic crisis using business cycles patterns

Cristina VIŞAN
The Bucharest University of Economic Studies
Dorel AILENEI
The Bucharest University of Economic Studies

Abstract. The current global economic crisis has brought to the forefront of scientific research the issues of business cycles, particularly highlighting signals that predict ruptures in the normal dynamics of macroeconomic fluctuations. In this sense a very important concern for the specialists relates to the identification of instruments capable of describing business cycles as accurately as possible. The problem is quite complicated because of the irregular (duration and amplitude) and asymmetric (by comparing recessionary gaps to inflation gaps) shapes. A very effective tool used for this purpose is the random recursive algorithm BBQ of James Engel. The authors aim to test the validity of this algorithm for the Romanian economy using monthly frequency data from 1991:01- 2012:05 period for the industrial production in order to identify specific characteristics of the business cycle.

Keywords: business cycle; recessionary gap; inflationary gap; turning points.

Download the full article:  

Contents

The corrective austerity
Marin Dinu

Open acces

ECTAP

Search

BOOKS

The Economicity. The Epistemic Landscape, Marin Dinu, 2016

Partners


ISSN 1841-8678 (ediția print) / ISSN 1844-0029 (ediția online)
© Copyright Asociația Generală a Economiștilor din România (AGER) / General Association of Economists From Romania  (GAER)
Redacția: 010702, București, Calea Griviței nr. 21, sector 1, E-mail: economia.ta@edeconomica.com

© 2006-2019 AGER