This paper evaluates the trade-off between output volatility and the variability of the inflation rate around its target (Romanian case). The optimal choice for National Bank of Romania (NBR), in our opinion, is the flexible inflation targeting. For this purpose, NBR must explain the loss...

In this paper, we identify the principal conditionalities for the admittance in European Union. The nominal and real convergence must be touched faster because this processus supposes stability prices, the financial soundness indicators, the need to stabilize exchange rate. In addition, the real...

This paper evaluates the main effects of the implementation of tax flat system in Romanian economy. If accompanying measures are not going to be enforced, the introduction of the flat rate of 16% in Romania will lead to unsustainable budgetary deficits and inflationist pressures. The flat tax...

In this study we analyzed the trade, financial and structural asymmetries between the core and periphery of the Euro Area, and between these countries and seven CEE economies, respectively. The study includes an investigation of the trade, financial integration and sectoral specialization...