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Implicații ale pierderii autonomiei politicii monetare asupra procesului inflaționist

Author

Listed:
  • Damian, Monica

Abstract

The first part of the paper assesses the impact of asymmetric shocks on inflation in two new members states of the euro zone: Slovenia and Slovakia. The second part of the paper studies the issue of the inflationary process in Romania in the context of losing autonomous monetary policy after euro adoption. Minimizing the cost of losing monetary autonomy presupposes the fulfilment of the sustainable nominal and real convergence criteria. The unsynchronization of the business cycle indicates a higher probability of asymmetric shocks and thus lead to differences in inflation to the euro area, differences that will persist due to the inertial component.

Suggested Citation

  • Damian, Monica, 2011. "Implicații ale pierderii autonomiei politicii monetare asupra procesului inflaționist," MPRA Paper 35061, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:35061
    as

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    File URL: https://mpra.ub.uni-muenchen.de/35061/1/MPRA_paper_35061.pdf
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    References listed on IDEAS

    as
    1. C. Moons & A. Van Poeck, 2007. "Does one size fit all? A Taylor-rule based analysis of monetary policy for current and future EMU members," Applied Economics, Taylor & Francis Journals, vol. 40(2), pages 193-199.
    2. Dumitru, Ionut, 2009. "Adoptarea euro in Romania
      [Euro adoption in Romania]
      ," MPRA Paper 18612, University Library of Munich, Germany.
    3. repec:diw:diwfin:diwfin05030 is not listed on IDEAS
    4. Bojeşteanu, Elena & Manu, Ana Simona, 2011. "Analiza empirică a sincronizării ciclului de afaceri şi a similarităţii şocurilor între România şi zona euro
      [Empirical analysis of business cycle synchronization and shock similarity between Roman
      ," MPRA Paper 31295, University Library of Munich, Germany.
    5. Georgy Ganev, 2009. "Costs and Benefits of Euro Adoption in Bulgaria," Working Paper / FINESS 5.3, DIW Berlin, German Institute for Economic Research.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    rata inflației; politică monetară; șocuri asimetrice; zona euro;

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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