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Methods of Measuring and Analyzing Inflation and Its Effect on Economic Growth

Author

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  • Irina-Stefana Cibotariu

    („Stefan cel Mare” University of Suceava, Romania)

Abstract

This paper delves into the relationship between inflation and economic growth, two pivotal elements in contemporary economic discussions. It aims to demystify and elucidate these concepts, particularly examining how they are interlinked through the development of a comprehensive econometric model. The study pays special attention to key economic indicators such as the Consumer Price Index (CPI), Producer Price Index (PPI) and the growth rate of Gross Domestic Product (GDP). In addition, the paper considers the role of monetary and fiscal policies in managing inflation and fostering economic growth. This exploration not only contributes to a deeper understanding of economic dynamics but also offers valuable insights for policymakers and economists in formulating effective economic strategies.

Suggested Citation

  • Irina-Stefana Cibotariu, 2023. "Methods of Measuring and Analyzing Inflation and Its Effect on Economic Growth," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 36-45, December.
    • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:2:p:36-45
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    More about this item

    Keywords

    Consumer Price index; economic growth; econometric model; inflation; monetary and fiscal policies;
    All these keywords.

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications

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