INVESTMENT AND CONSUMPTION CHANNELS OF NON KEYNESIAN EFFECTS OF MACROECONOMIC POLICIES SOME EMPIRICAL STUDIES FOR ROMANIA

Ana ANDREI, Angela GALUPA, Sorina GRAMATOVICI, Nora CHIRITA, Ionut NICA
2020 Proceedings of the 19th International Conference on INFORMATICS in ECONOMY Education, Research and Business Technologies   unpublished
In this paper we investigate if the fiscal policies changes in Romania can produce non-Keynesian effects. Our approach uses Rzońca and Ciżkowicz model to investigate the effect of fiscal impulse on the economic growth rate, on the privat investments rate, and on the private consumption rate. We also compute time-varying coefficients for the Johansson and Johnson consumption function as a state vector of a space state dynamic system, by applying the Kalman filter algorithm. The consumption
more » ... e consumption function with time-varying coefficients is used to study the effects of fiscal policies on the consumption.
doi:10.24818/ie2020.05.07 fatcat:c3qjfljfcbbotemypaxfjxcwne