Granger Causality And Cointegration In Romaniaâ€™S Inflationary Dynamics Â€“ An Empirical Study
One of the most difficult issues that monetary authorities in many developing economies have to deal with is the management of a stable price environment. Inflation can create uncertainty, a low level of investment, and raise costs in general, thus lowering rates of growth. As a result, there exists a widespread need for understanding inflationary dynamics in any country of interest, especially in developing countries, subject to more significant and volatile price changes. This paper develops a VEC model for the Romanian economy, using CPI index and other macroeconomic data, in order to capture the transmission mechanism of inflation.
Volume (Year): 1 (2010)
Issue (Month): 1 (July)
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