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of the paper are that in the period 1998-2006 the average annual rate of inflation generated by the Balassa … extended model, which is considered more appropriate by us, the impact on inflation is higher and ranges between 0.69% in 2005 …
Persistent link: https://www.econbiz.de/10015219053
This paper aims to establish particularities for the relationship between exchange rate volatility and the international trade in Romania. Currency depreciation, normally, should stimulate exports, because they become cheaper to foreign products and to discourage imports because they will spend...
Persistent link: https://www.econbiz.de/10015225411
inflation as a measure of the price level. In addition, the study sought to evaluate ipso facto the extent to which monetary … policy has influenced inflation by reducing price volatility and expectation towards zero. The study applied the maximum … likelihood estimator in addition to the GARCH (p, q model) to estimate the steady state model of inflation. As a measure of …
Persistent link: https://www.econbiz.de/10008459912
The monetary policy decision, as any other decision, is the product of a procedure assembling a lot of primary information, but also what type of other ingredients contribute finally to a certain monetary policy decision.
Persistent link: https://www.econbiz.de/10008464218
The inflation phenomenology offers to the author the occasion to perform a theoretical, i.e. an abstract analyze, that …
Persistent link: https://www.econbiz.de/10008464157
The purpose of the paper is to present an efficient instrument for simulation and research of inflation and its … controlled prices as well as the impact of external shocks as international price of oil on future inflation in Romania. …
Persistent link: https://www.econbiz.de/10008464172
Persistent link: https://www.econbiz.de/10011409627
This paper reviews a part of the most important literature on the impact of exchange rate volatility over exports. The first section reviews particularities and limits in the literature about the connection between the two variables, while the second part reviews the effects of exchange rate...
Persistent link: https://www.econbiz.de/10015225406
variables, which has an impact on several macroeconomic indicators: inflation, real income, exports and imports. This papers …
Persistent link: https://www.econbiz.de/10015225409
This paper estimates using econometric techniques the equilibrium exchange rate in Romania based on fundamentals. The cointegration technique lead to the conclusion that an increase in relative prices differential between Romania and Euro zone and an increase in net foreign assets of the banking...
Persistent link: https://www.econbiz.de/10015235971