Pelinescu, Elena and Turlea, Geomina
Published in Romanian Journal of Economic Forecasting, 2004, volume 5 issue 4,
This paper is organized in three parts: a discussion of general issues, an overview of evolution of inflation, highlighting the stages of the persistent inflation in Romania, and a model of Romanian inflation using VAR methodology. The purpose of the paper is to present an efficient instrument for simulation and research of inflation and its determinants in Romania, with a focus on the short-term impact of changes in money, foreign exchange and wage policies as well as the impact of external shocks.
inflation, price, VAR
JEL Classification: E31, P22