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Reference rate’s influence on Romanian inflation rate during the 1997-2007 period

Author

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  • Ciprian Ionel Turturean

    (UNIVERSITATEA "AL.I. CUZA" IASI, FACULTATEA DE ECONOMIE SI ADMINISTRAREA AFACERILOR)

Abstract

Reference rate, as NBR’s (National Bank of Romania) basic instrument, is successfully used for liquidity control on the monetary market and, implicitly, for targeting inflation. The reference rate is an efficient instrument for controlling inflation in a surface, functional economy, which is the case for Romania. The relation between Romanian’s reference rate and the Romanian’s inflation rate can be described by an autoregressive econometric model, for the 1997-2007 period

Suggested Citation

  • Ciprian Ionel Turturean, 2009. "Reference rate’s influence on Romanian inflation rate during the 1997-2007 period," THE YEARBOOK OF THE "GH. ZANE" INSTITUTE OF ECONOMIC RESEARCHES, Gheorghe Zane Institute for Economic and Social Research ( from THE ROMANIAN ACADEMY, JASSY BRANCH), vol. 18, pages 135-140.
    • Handle: RePEc:zan:ygzier:v:18:y:2009:p:135-140
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