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| Author: | Welfe, W. |
| Title: | Topics in macro-modelling of East European Countries in the period of transition |
| Journal: | Economics of Planning
1993 : No. 26. p. 105-126 |
| Index terms: | EUROPE, EAST MACROECONOMIC MODELS FINANCIAL POLICY POLAND |
| Language: | eng |
| Abstract: | To meet the changes in economic regimes and mechanisms, the existing models had to be adequately respecified and new models constructed. The large W-5 macromodel for Poland, covers the final and intermediate demands, had to be extended to introduce the market adjustment mechanisms and the financial flows. To meet the needs of short-term financial policies, new quarterly models had to be built, as the WK macromodel for the Polish economy. The paper discusses the major problems of the models specification under the data constraints. |
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