Implicații ale pierderii autonomiei politicii monetare asupra procesului inflaționist
AbstractThe first part of the paper assesses the impact of asymmetric shocks on inflation in two new members states of the euro zone: Slovenia and Slovakia. The second part of the paper studies the issue of the inflationary process in Romania in the context of losing autonomous monetary policy after euro adoption. Minimizing the cost of losing monetary autonomy presupposes the fulfilment of the sustainable nominal and real convergence criteria. The unsynchronization of the business cycle indicates a higher probability of asymmetric shocks and thus lead to differences in inflation to the euro area, differences that will persist due to the inertial component.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 35061.
Date of creation: 28 Nov 2011
Date of revision:
rata inflației; politică monetară; șocuri asimetrice; zona euro;
Find related papers by JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-12-13 (All new papers)
- NEP-MAC-2011-12-13 (Macroeconomics)
- NEP-TRA-2011-12-13 (Transition Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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"Does one size fit all? A Taylor-rule based analysis of monetary policy for current and future EMU members,"
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- Georgy Ganev, 2009. "Costs and Benefits of Euro Adoption in Bulgaria," Working Paper / FINESS 5.3, DIW Berlin, German Institute for Economic Research.
- Dumitru, Ionut, 2009.
"Adoptarea euro in Romania
[Euro adoption in Romania]," MPRA Paper 18612, University Library of Munich, Germany.
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