Advanced Search
MyIDEAS: Login to save this article or follow this journal

Implications of the inflation targeting strategy in some of the European Union member countries

Contents:

Author Info

  • Sargu Alina Camelia

    ()
    (Al.I. Cuza University of Iasi, Faculty of Economics and Business Administration)

  • Roman Angela

    ()
    (Al.I. Cuza University of Iasi, Faculty of Economics and Business Administration)

Abstract

Taking into consideration the necessity of stabilising the inflation rate at a level consistent with an economic policy strategy that assumes Romania will join the euro-zone at the earliest date possible the paper aims to underline the main aspects related to the implementation of the inflation targeting strategy in Romania by realising a comparatively analysis with the experience of other former socialist countries, like the Czech Republic, Hungary and Poland, which have successfully implemented this strategy, with good results in the disinflation process. The results of our paper highlight that the medium-term perspective of the monetary policy based on a direct inflation target lead to the enhancement of the flexibility of Romanian monetary policy in response to unexpected events and supported the preservation of low inflationary expectations, thus building up favourable foundations for high economic growth, despite the fact that the inflation rate hasn’t been yet stabilised at a low level in order to fulfil the inflation criterion, which is one of the conditions for euro-zone membership, this still representing a challenge for the Romanian authorities.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://journals.univ-danubius.ro/index.php/euroeconomica/article/view/976/813
Download Restriction: no

Bibliographic Info

Article provided by Danubius University of Galati in its journal Euroeconomica.

Volume (Year): (2011)
Issue (Month): 29 (August)
Pages: 7-15

as in new window
Handle: RePEc:dug:journl:y:2011:i:29:p:7-15

Contact details of provider:
Web page: http://www.euroeconomica-danubius.ro/
More information through EDIRC

Related research

Keywords: inflation targeting; monetary policy; price stability; disinflation process; European Union;

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:dug:journl:y:2011:i:29:p:7-15. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Florian Nuta).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.