THE EVOLUTION OF ROMANIAN MARKET OF GDP AND INFLATION IN THE PERIOD 2005-2012

Gabriela Preda ()
Additional contact information
Gabriela Preda: Romanian Academy, Romania, Bucharest, National Institute of Economic Research ‘Costin C. Kiritescu’, Department of Economic, Social and Legal Studies

Internal Auditing and Risk Management, 2013, vol. 30, issue 1, 291-300

Abstract: Our approach to the research – the results of which are presented in this paper – is based on the assumption that the relation between the money base and inflation was severely uncorrelated due to the development of technology and the creation of esoteric financial instruments. Since inflation is the key objective of the strategy pursued by the National Bank of Romania, we intend to find out if the monetisation level of the economy still is one of the factors causing inflation. Moreover, we consider the correlation between economic growth and inflation, a question endlessly discussed by academic circles after the crises. By means of an econometric analysis we define some relations of causality among variables to see whether monetary variables influence the evolution of the GDP or vice versa.

Keywords: VAR; inflation; monetary base; central bank (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
http://aimr.univath.ro/download/878_Nr_2(30)_2013_291-300.pdf (application/pdf)
http://aimr.univath.ro/en/article/THE-EVOLUTION-OF ... D-2005-2012~878.html (text/html)

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: https://EconPapers.repec.org/RePEc:ath:journl:v:30:y:2013:i:1:p:291-300

Access Statistics for this article

Internal Auditing and Risk Management is currently edited by Emilia Vasile

More articles in Internal Auditing and Risk Management from Athenaeum University of Bucharest Contact information at EDIRC.
Bibliographic data for series maintained by Cosmin Catalin Olteanu and Emilia Vasile ().