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Romania: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper discusses Romania’s modeling monetary policy. A simple Forecasting and Policy Analysis System (FPAS) for Romania has been designed to help in the preparation of the IMF staff’s forecasts and policy assessments. A major advantage of this approach is that it allows the systematic and rapid analysis of different policy options. The model embodies the key principle that, in an inflation-targeting framework, the role of monetary policy is to provide an anchor for inflation and inflation expectations. The development and calibration of this model is an ongoing process.

Suggested Citation

  • International Monetary Fund, 2007. "Romania: Selected Issues," IMF Staff Country Reports 2007/220, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2007/220
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=21116
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    as
    1. Hans-Peter Kohler & José Antonio Ortega, 2002. "Tempo-Adjusted Period Parity Progression Measures, Fertility Postponement and Completed Cohort Fertility," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 6(6), pages 91-144.
    2. I. Luski & J. Weinblatt, 1998. "A dynamic analysis of fiscal pressure and demographic transition," Applied Economics, Taylor & Francis Journals, vol. 30(11), pages 1431-1442.
    3. Hans-Peter Kohler & José Antonio Ortega, 2002. "Tempo-Adjusted Period Parity Progression Measures:," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 6(7), pages 145-190.
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    Cited by:

    1. International Monetary Fund, 2008. "Hungary: Selected Issues," IMF Staff Country Reports 2008/314, International Monetary Fund.
    2. World Bank, 2013. "Reviving Romania's Growth and Convergence Challenges and Opportunities : A Country Economic Memorandum," World Bank Publications - Reports 16036, The World Bank Group.

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