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Analysis of index prices of population consumption reveals a moderation through fiscal measures

Author

Listed:
  • Madalina-Gabriela ANGHEL

    (“ARTIFEX” University of Bucharest)

  • Constantin Anghelache

    (Bucharest University of Economic Studies, „ARTIFEX” University of Bucharest)

  • Tudor SAMSON

    (Bucharest University of Economic Studies)

  • Radu STOICA

    (Bucharest University of Economic Studies)

Abstract

This paper reflects the authors’ interest in the study of inflation. The analysis is based on specific indicators, such as the general evolution of consumer price indices, dynamics of indices for average net income, the increase of prices at the end of the interval considered (July 2016), price indexes per groups of goods and services, as outlined by national statistic classification. The indexes for food products and, respectively, non-food products, were analyzed in dedicated sections of the paper. At the end, the authors present the most valuable conclusions drawn from the study.

Suggested Citation

  • Madalina-Gabriela ANGHEL & Constantin Anghelache & Tudor SAMSON & Radu STOICA, 2016. "Analysis of index prices of population consumption reveals a moderation through fiscal measures," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(12), pages 148-156, December.
    • Handle: RePEc:rsr:supplm:v:64:y:2016:i:12:p:148-156
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    References listed on IDEAS

    as
    1. Schmitt-Grohe, Stephanie & Uribe, Martin, 2007. "Optimal simple and implementable monetary and fiscal rules," Journal of Monetary Economics, Elsevier, vol. 54(6), pages 1702-1725, September.
    2. Olivier Coibion & Yuriy Gorodnichenko, 2011. "Monetary Policy, Trend Inflation, and the Great Moderation: An Alternative Interpretation," American Economic Review, American Economic Association, vol. 101(1), pages 341-370, February.
    3. Andreas Hornstein & Alexander L. Wolman, 2005. "Trend inflation, firm-specific capital, and sticky prices," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 91(Fall), pages 57-83.
    4. Kim, Jinill & Henderson, Dale W., 2005. "Inflation targeting and nominal-income-growth targeting: When and why are they suboptimal?," Journal of Monetary Economics, Elsevier, vol. 52(8), pages 1463-1495, November.
    5. Bilbiie, Florin, 2009. "Non-Separable Preferences and Frisch Labor Supply: One Solution to a Fiscal Policy Puzzle," CEPR Discussion Papers 7484, C.E.P.R. Discussion Papers.
    6. Olivier Blanchard & Roberto Perotti, 2002. "An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(4), pages 1329-1368.
    7. Kresimir Cicak & Petar Soric, 2015. "The Interrelationship of FDI and GDP in European Transition Countries," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 1(4), pages 41-58, March.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Madalina-Gabriela Anghel & Georgeta Lixandru & Marius Popovici & Alina – Georgiana Solomon & Emilia Stanciu, 2017. "Theoretical Elements on the Use of Price Indices for Inflation Measurement," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 7(3), pages 38-47, July.
    2. Constantin ANGHELACHE & Mihai Paunica & Gyorgy BODO & Maria MIREA, 2017. "Aspects Of Optimal Monetary And Fiscal Policies," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(5), pages 122-138, May.
    3. Radu Titus MARINESCU & Doina BUREA & Tudor SAMSON, 2017. "Aspects Of The Main Effects Of Inflation," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(6), pages 84-91, June.

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    More about this item

    Keywords

    inflation; goods; food; non-food; index; price; services;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy

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