Within the framework of its economic modelling activities started long ago, ECOSTAT is involved in the development of short-term, medium-term and long-term models for economic forecasting.
Our models for macroeconomic forecasting are suitable for
- estimating the main economic and social processes and indicators (GDP, inflation, unemployment, budget deficit),
- the preliminary study of the major economic and social policy (regulatory) changes, and for forecasting their impacts expected in the long run.
We use micro-level tests to improve the reliability of macroeconomic forecasts and the quality of estimates.
Our microsimulation models are suitable for
- the short-term and medium-term forecasting of household variables (wages, income, consumption, taxes),
- being used for the mapping and forecasting of the main features of corporate behaviour,
- the preliminary study of the regulatory changes affecting certain groups, and for forecasting their potential impacts.