Pelinescu, Elena () (Institute for Economic Forecasting, Romanian Academy, Bucharest) Dospinescu, Andrei Silviu () (Institute for Economic Forecasting, Romanian Academy, Bucharest)
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This paper is organized in two parts, an overview of the evolution of inflation, highlighting the factors that influenced the persistent inflation in Romania, and a VAR model for the impulse analyses. The purpose of the paper is to present an efficient instrument for simulating and researching the short-term impact of the changes in money, foreign exchange and the impact of external shocks (such as international price of oil) on the development of inflation.
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Find related papers by JEL classification: 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 C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Other Model Applications P22 - Economic Systems - - Socialist Systems and Transition Economies - - - Prices
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