The Relationship between the EUR/RON Exchange Rate and The Romanian Inflation
AbstractUsing monthly data from January 2000 to October 2007, the present working paper analyses the degree of exchange rate pass through into inflation in the case of Romania. The econometrical method used is the recursive VAR that suggested a low level of the influence of the exchange rate on inflation. Despite the historical role of the exchange rate on the macroeconomical adjustment, this finding is consistent with the inflation targeting regime adopted by National Bank of Romania.
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Bibliographic InfoArticle provided by European Research Studies Journal in its journal European Research Studies Journal.
Volume (Year): XI (2008)
Issue (Month): 4 ()
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Web page: http://www.ersj.eu/
Foreign Exchange; Inflation; Price Level; Monetary Policy; Romania;
Find related papers by JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- F31 - International Economics - - International Finance - - - Foreign Exchange
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