THEORIZING AND UNDERSTANDING TRANSITION – ANCHORING INFLATION: THE ROLE OF CREDIBILITY, EXPECTATION AND THE POLITICAL PROCESS*

by Stan, Andreea
Published in Romanian Journal of Economic Forecasting, 2004, volume 5 issue 1, 72-91

Abstract

In this part, the author addresses the impact of corruption upon the development of the transition economies, and that of the inflation’s causes and effects, with a focus on the Romanian economy in the first decade of transition.
(*The article is part of the honor Ph.D. thesis “Anchoring Inflation in Transition Economies: The Case for a Currency Board Arrangement in Romania”, defended at Stanford University, CA, USA in June 2002)

Keywords: macroeconomic analysis, inflation, corruption index, economic development
JEL Classification: E31, E52