Contents

Emil DINGA
Academia Română
The paper analyses the presuppositions (often implicit) the actual quantitative and logical modelling is based on. In the context, some points of view are proposed, aimed at to eliminate or reduce the incertitude and vagueness generated by the actual way of understanding the macroeconomic modelling.
Keywords: model, invariance, diffusion reactions, self-poiesis, transfer equations, transmission mechanism, sectoral block
JEL: B41, C51, E01, E17, E60
Asupra modelării macroeconomice. Aspecte metodologice

János KORNAI
Harvard University
A number of macroeconomic troubles led the Hungarian Government to the introduction of an adjustment program in July 2006.
Keywords: adjustment program, balanced growth, budget deficit, credibility, fiscal revenues and expenditures, gradualism, reform, role of the state
JEL: E61, E62, E63, E64, H62, P36
Echilibru, creştere şi reformă

Patrick MINFORD
Cardiff University
Monetary policy should be guided by macroeconomic models with limited nominal rigidity – ‘New Classical’ or even for some issues just plain Classical (i.e. with no nominal rigidity at all) models are perfectly adequate for understanding various aspects of the economy that have previously led economists to believe in a high degree of nominal rigidity.
Keywords: monetary policy, inflation targeting, price level targeting
JEL: E31, E52, E37
Care sunt modelele şi politicile potrivite într-un context global cu inflaţie scăzută?

Aurel IANCU
Academia Română
The study defines the three types of convergence – institutional, nominal and real ones –, the connection among them and their main measurement indicators.
Keywords: institutional convergence, transaction costs, nominal convergence, real convergence, rules, formal institutions, informal institutions, integration , acquis, compatibility, consistency, institutional capital, regression
JEL: F15, O57, F2, P37, P52
Tipurile de convergenţă. Convergenţa instituţională

Cecilia ALEXANDRI
Academia Română
The paper presents an evaluation of the effects generated by the Common Agricultural Policy adoption in the eight Central and East-European countries that joined the European Union in the year 2004.
Keywords: common agricultural policy, Central and East-European Countries
JEL: Q18, Q15, Q13
Agricultura în Ţările Central şi Est-Europene în perioada postaderare – primele lecţii

Mihaela Nona CHILIAN
Academia Română
The approach of regional competitiveness starts from the presentation of general notions and concepts in order to identify and correctly capture the specific features of regional competitiveness and its determinants.
Keywords: competitiveness, regional competitiveness, territorial dimension, system of indicators, GDP per capita
JEL: R11, R12, R58
Elemente de definire şi măsurare a competitivităţii regionale. Cazul României

Irina TACHE
The paper proposes to compare a series of indicators used for measuring shareholders value such as: total shareholder value, economic value added, market value added, cash value added or cash flow return on investment.
Keywords: Market Value Added, economic value added, shareholder value, value based management
JEL: G39
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Emil DINGA
Academia Română

János KORNAI
Harvard University

Patrick MINFORD
Cardiff University

Aurel IANCU
Academia Română

Cecilia ALEXANDRI
Academia Română

Mihaela Nona CHILIAN
Academia Română

Irina TACHE

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