The Institute for Economic Forecasting (IEF) is part of the National Institute for Economic Research belonging to the Romanian Academy. 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');
- policy evaluation - monetary and fiscal policy,sustainability of public debt and budgetary deficits,regional development policies;
- empirical and sample studies - determinants of households behavior, estimation of 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, households savings, industrial production, exchange rate, investments, balance of payments, etc.).
The IEF researchers have participated in numerous international bilateral and multilateral projects. The main areas of interest where they are actively involved are: macroeconomic analysis and modeling, labor market policies and institutions, industrial policies, regional and local development, European economic integration and microeconomic analysis. The Institute's research staff has participated in scientific exchanges, mostly with the EU institutions. The fundamental aim of the Institute is to become a reliable and competitive scientific interface between Romania and the rest of Europe, and an attractive potential network node in a future European system of macroeconomic research and economic policy formulation and analysis.