Author: Alina Georgiana Ioniţă
Vol. 2 • No. 2 • May 2017
As a result of the recent global economic and financial crisis, it has increased interest in identifying models that explain the stochastic dynamics of macroeconomic variables and meet the country-specific requirements according to the degree of development and the particularities of the economy. Thus, the purpose of this paper is to analyze a mix of monetary and fiscal policy that would fit Romania's macroeconomic context, given the uncertainty of future economic shocks and the uncertainty in setting the model parameters.
Keywords: monetary, fiscal policy, dynamic stochastic general equlibrium model, mix of monetary and fiscal policy
JEL classification: B22