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

Measuring the Interaction of Structural Changes with Inflation

Contents:

Author Info

  • Dobrescu, Emilian

    ()
    (Romanian Academy, National Institute of Economic Forecasting)

Abstract

The paper is organized in four chapters. The first describes the methodological framework of the investigation, insisting on defining the sectoral changes and the relative prices, as well as on their interaction (as expectations and as real processes); the theoretical considerations are algebraically formalized in order to be analyzed statistically. The second chapter is devoted to the data problems, with emphasis on the configuration of input-output tables used in application and on the main trends identified in the structural evolution of the Romanian economy during 1989-2005. The third – as a main one – contains a detailed econometric analysis. The main assumption of the paper is that the downward price rigidity cannot be separated from the corresponding downward output rigidity. They represent an indestructible tandem. In other words, the downward price rigidity is intimately connected not only to the nominal wage low flexibility, but to the slow employment adjustments, too. This approach has many consequences. From this point of view, the orthogonal regression is admitted as a more suitable method as compared to the direct and the reverse OLS. The paper ends with a short set of concluding remarks, including possible extensions of this research.

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://www.ipe.ro/rjef/rjef_sup_2009.pdf
Download Restriction: no

Bibliographic Info

Article provided by Institute for Economic Forecasting in its journal Romanian Journal for Economic Forecasting.

Volume (Year): 6 (2009)
Issue (Month): 5 ()
Pages: 5-99

as in new window
Handle: RePEc:rjr:romjef:v:6:y:2009:i:5:p:5-99

Contact details of provider:
Postal: Casa Academiei, Calea 13, Septembrie nr.13, sector 5, Bucureşti 761172
Phone: 004 021 3188148
Fax: 004 021 3188148
Email:
Web page: http://www.ipe.ro/
More information through EDIRC

Related research

Keywords: structural changes; relative prices; downward price rigidity; downward output rigidity; orthogonal regression;

Find related papers by JEL classification:

References

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

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Dobrescu, Emilian, 2013. "Restatement of the I-O Coefficient Stability Problem," Working Papers of Macroeconomic Modelling Seminar 132601, Institute for Economic Forecasting.
  2. Emilian Dobrescu, 2013. "Restatement of the I-O Coefficient Stability Problem," Journal of Economic Structures, Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 2(1), pages 1-67, December.
  3. Emilian Dobrescu & Viorel Gaftea, 2012. "On the Accuracy of RAS Method in an Emergent Economy," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 14(32), pages 502-521, June.
  4. Dobrescu, Emilian, 2013. "Modelling the sectoral structure of the final output," MPRA Paper 48569, University Library of Munich, Germany.
  5. Saman, Corina & Pauna, Bianca, 2013. "New Keynesian Phillips Curve for Romania," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 159-171, June.
  6. Dobrescu, Emilian, 2012. "Restatement of the I-O Coefficient Stability Problem," MPRA Paper 48567, University Library of Munich, Germany.

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:rjr:romjef:v:6:y:2009:i:5:p:5-99. 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: (Corina Saman).

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.