Model of Interest Rate with Government Ponzi Games and Debt Dynamics Under Uncertainty within Fiscal Federalism

Vîntu, Denis and Balaban, Georgiana (2024): Model of Interest Rate with Government Ponzi Games and Debt Dynamics Under Uncertainty within Fiscal Federalism. Published in: National Institute of Economic Research Conference , Vol. 10, No. 2024/10 (October 2024): pp. 1-16.

Abstract

This paper presents two objectives: in the first part, we make a presentation of interest rate equations in a historical overview, from Irwing Fisher to John Maynard Keynes. Second part is designed to quarterly estimated structural macro econometric model for the Republic of Moldova, denoted A Classical Macroeconometric Data Model for the Republic of Moldova (MDM) in context of Neo-Classical Approach of the Economy. This model has been developed with four uses in mind: the assessment of economic conditions in the Republic of Moldova, macroeconomic forecasting, policy analysis and deepening understanding of the functioning of market economy.

• Item Type: MPRA Paper
• Language: English
• Keywords: Republic of Moldova, macroeconometric modelling, open and small economy; inflation; interest rate; economic growth; Classical economics; Keynesian economics.
• Subjects: C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C13 - Estimation: General; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E21 - Consumption ; Saving ; Wealth; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E30 - General; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E41 - Demand for Money; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E44 - Financial Markets and the Macroeconomy

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