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Social Implications Of The Russian – Ukrainian War: Inflation

Author

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  • NICOLETA-ELENA CRISTEA

    (BUCHAREST UNIVERSITY OF ECONOMIC STUDIES, BUCHAREST, ROMANIA)

  • ION PANESCU

    (BUCHAREST UNIVERSITY OF ECONOMIC STUDIES, BUCHAREST, ROMANIA)

  • ANTONIO-ALEXANDRU POPESCU-CRISTEA

    (BUCHAREST UNIVERSITY OF ECONOMIC STUDIES, BUCHAREST, ROMANIA)

Abstract

Inflation is a concern for both businesses and people, and it is affected by many factors. In this paper, we tried to touch on the effect of the Russia – Ukraine war on inflation. The research questions are: “Is inflation higher after the war began?”, ”Is the inflation higher in Romania after the war began?” and “Is the inflation higher in countries who are near to the war?” The data analyzed in this paper was extracted from Eurostat for 34 countries, for the period of 2017- 2022. The conclusion is that inflation was higher in all analyzed countries after the war started and was more substantial for Romania and for the countries that were near the conflict. This paper can contribute to the literature on the effect of the war on inflation.

Suggested Citation

  • Nicoleta-Elena Cristea & Ion Panescu & Antonio-Alexandru Popescu-Cristea, 2024. "Social Implications Of The Russian – Ukrainian War: Inflation," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 152-160, April.
    • Handle: RePEc:cbu:jrnlec:y:2024:v:2:p:152-160
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    References listed on IDEAS

    as
    1. Gylfason, Thorvaldur & Herbertsson, Tryggvi Thor, 2001. "Does inflation matter for growth?," Japan and the World Economy, Elsevier, vol. 13(4), pages 405-428, December.
    2. Tong, Eric, 2024. "Repercussions of the Russia–Ukraine war," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 366-390.
    3. Ranyard, Rob & Missier, Fabio Del & Bonini, Nicolao & Duxbury, Darren & Summers, Barbara, 2008. "Perceptions and expectations of price changes and inflation: A review and conceptual framework," Journal of Economic Psychology, Elsevier, vol. 29(4), pages 378-400, August.
    4. Gabriela Dobrota & Eliza Alexandra Vasile, 2023. "The Influence Of The Monetary Policy Interest Rate, Inflation And Exchange Rate On The Consumer Credit Benchmark In Romania During The Covid-19 Crisis," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 86-98, February.
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