IMPULSE ANALYSES OF THE ROMANIAN INFLATION
Pelinescu, Elena and Dospinescu, Andrei Silviu
Published in Romanian Journal of Economic Forecasting, 2005, volume 6 issue
This paper is organized in two parts, an overview of the evolution of inflation, highlighting the factors that influenced the persistent inflation in Romania, and a VAR model for the impulse analyses. The purpose of the paper is to present an efficient instrument for simulating and researching the short-term impact of the changes in money, foreign exchange and the impact of external shocks (such as international price of oil) on the development of inflation.
inflation, price, forecasting and simulation, VAR
E31, E37, C53, P22