The Institute for Economic Forecasting is part of the National Institute for Economic Research of the Romanian Academy. Among the main areas of interest are: macroeconomic analysis and modeling, labor market policies and institutions, industrial policies, regional and local development, European economic integration and microeconomic analysis.
The institute carries on research projects in the following fields:
- Fundamental research: economic modeling and forecasting, econometrics, macroeconomics, non-linear modeling, real business cycles, endogenous cycles and deterministic chaos, consumption theory, informal economy modeling, informational society – knowledge society (the “new economy”)
- Empirical and sample studies: determinants of household behavior, estimation of the underground economy and its components, income distribution and poverty indicators, trends in households’ consumption structure
- Long-term and short-term forecasts: estimation of the future dynamics of the main macroeconomic indicators (GDP, inflation, unemployment, public debt, monetary base, household savings, industrial production, exchange rate, investments, balance of payments, etc.)
The researchers in the Institute have published articles in international publications, Romanian academic journals as well as the Institute’s bulletins and periodical working papers.
The Institute’s research staff has participated in scientific exchanges, mostly with the EU institutions.
The English language version of the website features details on the studies and research programs and papers conducted in the past and underway; the contents of Romanian Journal for Economic Forecasting; and some information about the Macroeconomic Modeling Seminar organised by the Institute.