Does the Inflation Targeting Have a Positive Role upon the Convergence of the Inflation Rate?

Elena Pelinescu and Petre Caraiani

Journal for Economic Forecasting, 2006, vol. 3, issue 3, pages 39-50

Abstract: This article asks whether the monetary regime of inflation targeting that Romania chose is favorable to the inflation convergence with the EU. We analyze a few of the standard models of inflation convergence and apply some of them for the case of Romania. We also use the experience of the other CEE countries to derive lessons for the inflation targeting policy and the convergence process of Romania. We find that the inflation targeting regime supports the inflation convergence and generally the nominal convergence with EU.

Keywords: Inflation Targeting; Nominal Convergence; Maastricht Criteria. (search for similar items in EconPapers)
JEL-codes: E52 E31 (search for similar items in EconPapers)
Date: 2006
View list of references

Downloads: (external link)
http://www.ipe.ro/rjef/rjef3_06/rjef3_06_4.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:rjr:romjef:v:3:y:2006:i:3:p:39-50

Access Statistics for this article

Journal for Economic Forecasting is edited by Lucian Liviu Albu and Cornelia Scutaru

More articles in Journal for Economic Forecasting from Institute for Economic Forecasting
Contact information at EDIRC.
Series data maintained by Corina Saman ().