Inflation Inertia and Inflation Persistence in Romania Using a DSGE Approach-Reference-Cited by-同舟云学术

Inflation Inertia and Inflation Persistence in Romania Using a DSGE Approach

Published:2022-08-05 Issue: Volume: Page:1066-1076
ISSN:
Container-title:Research Anthology on Macroeconomics and the Achievement of Global Stability
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Author:

Spulbar Cristi¹,Birau Ramona²

Affiliation:

1. University of Craiova, Romania

2. Constantin Brâncuși University of Targu Jiu, Romania

Abstract

The main purpose of this chapter is to investigate monetary policy dynamics, as well as the inflation inertia and inflation persistence in Romania using a DSGE approach. The empirical findings revealed that the price evolution reflects the difficulties of eliminating the inflation inertia. Moreover, in Romania, the historic inflation evolution has a significant influence in terms of inflation expectation patterns. Inflation is a negative phenomenon with dramatic consequences for Romania's economic development on long term.

Publisher

IGI Global

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