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Underlying Factors Of Persistent Inflation In Romania

Author

Listed:
  • Vasile Dedu

    (Academy of Economic Studies Bucharest)

  • Bogdan Andrei Dumitrescu

    (Academy of Economic Studies Bucharest)

Abstract

Price stability has become the main focus of the monetary policy ofthe candidate countries to the European Monetary Union as the best way to ensurenominal convergence and to promote sustainable economic growth. In our analysisof the inflation evolution we have considered the factors causing persistentinflation over the medium and long term. This paper emphasizes the link betweenthe inflation rate and cost-push, demand-pull and imported inflation. The empiricalanalysis shows that all the variables are statistically significant and correctlysigned and the chosen model explains well the persistent factors of inflation inRomania.

Suggested Citation

  • Vasile Dedu & Bogdan Andrei Dumitrescu, 2009. "Underlying Factors Of Persistent Inflation In Romania," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(11), pages 1-38.
  • Handle: RePEc:alu:journl:v:1:y:2009:i:11:p:38
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    Citations

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    Cited by:

    1. Ionuţ Cristian BACIU, 2014. "The Relationship Between Inflation And The Main Macroeconomic Variables In Romania," Network Intelligence Studies, Fundația Română pentru Inteligența Afacerii, Editorial Department, issue 4, pages 161-172, November.

    More about this item

    Keywords

    inflation rate; output gap; cost-push inflation; demand-pull inflation;

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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