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Monetarism Versus Neo-Keynesism: A Comparative Analysis Of Romanian Inflation Process Causes

Author

Listed:
  • VALENTIN TOADER

    () (Faculty of Business, Babes-Bolyai University, Cluj-Napoca, Romania)

Abstract

Our paper represents a study on the inflation process in Romanian economy after 1990. The purpose is to identify which are the most important factors that caused and sustained the inflation’s evolution in our country. In order to achieve our purpose, we will start our research analyzing the statistical data, observing the impact of the economic factors on the evolution of inflation. Using the data analysis results, the author will emphasize which of the most two known theories on inflation causes, monetariste or neo-keynesiste theory, represent the main cause of Romanian inflation process.

Suggested Citation

  • Valentin Toader, 2007. "Monetarism Versus Neo-Keynesism: A Comparative Analysis Of Romanian Inflation Process Causes," JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA, Babes-Bolyai University, Faculty of Business.
  • Handle: RePEc:bbn:journl:2007_2_6_toader
    as

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    File URL: http://tbs.ubbcluj.ro/RePEc/bbn/journl/2007_2_6_Toader.pdf
    File Function: Revised version, 2007
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    References listed on IDEAS

    as
    1. Boot, Arnoud W A & Thakor, Anjan V, 2001. "The Many Faces of Information Disclosure," Review of Financial Studies, Society for Financial Studies, pages 1021-1057.
    2. Vincent Bignon & Régis Breton, 2004. "Accounting Transparency and the Cost of Capital," Post-Print halshs-00256861, HAL.
    3. repec:bla:joares:v:29:y:1991:i:2:p:261-276 is not listed on IDEAS
    4. Glosten, Lawrence R. & Milgrom, Paul R., 1985. "Bid, ask and transaction prices in a specialist market with heterogeneously informed traders," Journal of Financial Economics, Elsevier, vol. 14(1), pages 71-100, March.
    5. Admati, Anat R & Pfleiderer, Paul, 2000. "Forcing Firms to Talk: Financial Disclosure Regulation and Externalities," Review of Financial Studies, Society for Financial Studies, vol. 13(3), pages 479-519.
    6. Verrecchia, Robert E., 2001. "Essays on disclosure," Journal of Accounting and Economics, Elsevier, vol. 32(1-3), pages 97-180, December.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    inflation; monetariste theory; neo-keynesiste theory;

    JEL classification:

    • P24 - Economic Systems - - Socialist Systems and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System

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