EconPapers    
Economics at your fingertips  
 

MEASURES OF CORE INFLATION USED BY THE NATIONAL BANK OF ROMANIA

Ionut - Cristian Baciu ()
Additional contact information
Ionut - Cristian Baciu: ctoral School of Economics and Business Administration, Alexandru Ioan Cuza University, Iasi

CES Working Papers, 2015, vol. 7(1), issue 1, 17-30

Abstract: The inflationary process has become a phenomenon that has a significant influence on society in general and it is therefore important to be managed in an efficient manner. The objective of this study is to analyze the core inflation measures in Romania, after the adoption of direct inflation targeting regime in August 2005. In order to identify the causal link between the core inflation measures and inflation quantified by the Consumer Price Index (CPI), the Granger causality test is used. The study results indicate that only on the short-term the CORE 1 inflation (calculated using the Consumer Price Index from which the administered prices are eliminated) has influence on the total inflation, among the other core inflation measures and total inflation rate, the statistical relationships being insignificant.

Keywords: core inflation; Consumer Price Index; Granger causality test (search for similar items in EconPapers)
JEL-codes: C22 E31 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://ceswp.uaic.ro/articles/CESWP2015_VII1_BAC.pdf (application/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: https://EconPapers.repec.org/RePEc:jes:wpaper:y:2015:v:7:i:1:p:17-30

Access Statistics for this article

More articles in CES Working Papers from Centre for European Studies, Alexandru Ioan Cuza University Contact information at EDIRC.
Bibliographic data for series maintained by Alupului Ciprian ().

 
Page updated 2025-03-19
Handle: RePEc:jes:wpaper:y:2015:v:7:i:1:p:17-30