Inflation Inertia and Inflation Persistence in Romania Using a DSGE Approach

Inflation Inertia and Inflation Persistence in Romania Using a DSGE Approach

ISBN13: 9781522592693|ISBN10: 1522592695|EISBN13: 9781522592716
DOI: 10.4018/978-1-5225-9269-3.ch007
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MLA

Cristi Spulbar and Ramona Birau. "Inflation Inertia and Inflation Persistence in Romania Using a DSGE Approach." Emerging Research on Monetary Policy, Banking, and Financial Markets, IGI Global, 2019, pp.162-175. https://doi.org/10.4018/978-1-5225-9269-3.ch007

APA

C. Spulbar & R. Birau (2019). Inflation Inertia and Inflation Persistence in Romania Using a DSGE Approach. IGI Global. https://doi.org/10.4018/978-1-5225-9269-3.ch007

Chicago

Cristi Spulbar and Ramona Birau. "Inflation Inertia and Inflation Persistence in Romania Using a DSGE Approach." In Emerging Research on Monetary Policy, Banking, and Financial Markets. Hershey, PA: IGI Global, 2019. https://doi.org/10.4018/978-1-5225-9269-3.ch007

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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.

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