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Theoretical and Applied Economics
No. 9 / 2006 (504)

The Relevance of Using Mathematical Models in Macroeconomic Policies Theory

Nora Mihail
Academia de Studii Economice Bucuresti

Abstract. The article presents a look of the principal’s mathematical models – starting with Theil, Hansen and Tinbergen work – and their results used to analysis and design macroeconomic policies. In modeling field changes are very fast in theoretical aspects of modeling the many problems of macroeconomic policies and in using in practice the different political models elaboration. The article points out the problems of static and dynamic theory used in macro-policies modeling.

Keywords: political model; political objective; instrument variable; loss function; decision rule.

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Marin Dinu

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The Economicity. The Epistemic Landscape, Marin Dinu, 2016

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