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

Is Romania Ready For The Inflation-Targeting Regime?


Author Info

  • Pelinescu, Elena

    (Institute for Economic Forecasting, Romanian Academy, Bucharest)


The author discusses here the current context of Romanian economy, as well as the macroeconomic implications of the future integration into EU and EMU, respectively. Romania is characterized by a persisting inflation which raises the question whether Romania is ready or it has to delay the introduction of the inflation-targeting regime. The analyses performed for Romania revealed the presence of fiscal dominance in the simplest form of seignorage. Together with the financial market infancy, they severely constrain the monetary policy independence. Another aspect that raises concerns about the choice of inflation targeting in Romania is the degree of dollarisation characterizing the economy. The author concludes that, presently, a monetary anchor as an anti-inflationary strategy is more facile with respect to communicability, ensuring the monetary policy transparency.

Download Info

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Bibliographic Info

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

Volume (Year): (2001)
Issue (Month): 4 (December)
Pages: 105-116

as in new window
Handle: RePEc:rjr:romjef:v::y:2001:i:4:p:105-116

Contact details of provider:
Postal: Casa Academiei, Calea 13, Septembrie nr.13, sector 5, Bucure┼čti 761172
Phone: 004 021 3188148
Fax: 004 021 3188148
Web page:
More information through EDIRC

Related research

Keywords: inflation targeting; EMU; transition economies;

Find related papers by JEL classification:


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



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


Access and download statistics


When requesting a correction, please mention this item's handle: RePEc:rjr:romjef:v::y:2001:i:4:p:105-116. 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.