Implicații ale pierderii autonomiei politicii monetare asupra procesului inflaționist
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.
|Date of creation:||28 Nov 2011|
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- Georgy Ganev, 2009. "Costs and Benefits of Euro Adoption in Bulgaria," Working Paper / FINESS 5.3, DIW Berlin, German Institute for Economic Research.
- Dumitru, Ionut, 2009.
"Adoptarea euro in Romania
[Euro adoption in Romania]," MPRA Paper 18612, University Library of Munich, Germany.
- 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,"
Taylor & Francis Journals, vol. 40(2), pages 193-199.
- MOONS, Cindy & VAN POECK, André, 2005. "Does one size fit all? A Taylor-rule based analysis of monetary policy for current and future EMU members," Working Papers 2005026, University of Antwerp, Faculty of Applied Economics.
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