< <meta name="twitter:site" content="@ExpertJournals"> Analysis of Equilibrium at the Euro Area Level from a New Model Perspective
Alin OPREANA

Analysis of Equilibrium at the Euro Area Level from a New Model Perspective

This paper aims to address issues related to equilibrium at the Euro Area. Research methodology implies a wide range of methods and techniques that are used to analyze macroeconomic phenomena and processes at the Euro Area. Following the empirical analyses, namely exploratory factor analysis and structural equation modeling procedure, we propose a model of equilibrium in the Euro zone, an area characterized by the existence of market with turbulence and search frictions. Using this econometric modeling technique, we test and estimate causal relationships that combines a series of empirical data and quantitative causal hypotheses.
JEL ClassificationD58, R13

Acknowledgements:
This work was supported by the strategic grant POSDRU/159/1.5/S/133255, Project ID 133255 (2014), co-financed by the European Social Fund within the Sectorial Operational Program Human Resources Development 2007-2013.

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Author(s)

Alin OPREANA
Lucian Blaga University of Sibiu

Correspondence

Alin Opreana, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, Romania

Article History

Received: August 24, 2015
Accepted: September 18, 2015
Available Online: September 30, 2015

Cite Reference

Opreana, A., 2015. Analysis of Equilibrium at the Euro Area Level from a New Model Perspective. Expert Journal of Economics, 3(3), pp.149-154

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© 2015 The Author. Published by Sprint Investify. ISSN 2359-7704

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