The Interaction Of Structural Changes With Inflation in the Presence of Symetric and Asymetric Economic Behaviours – Evidence from a General Dynamic Intersectoral Model

Andrei Dospinescu () and Maria Mitrofan ()
Additional contact information
Maria Mitrofan: Researcher in Applied Mathematics

Journal for Economic Forecasting, 2013, issue 2, 87-100

Abstract: The paper analyzes the structural changes–price changes binomial in passing from symmetric to asymmetric economic behaviors. The results are in line with the ones obtained in Dobrescu (2009) indicating that the structural production impulse has a higher impact on inflation than the inflational impulse on the sectorial production structure. The introduction of a behavior change, namely asymmetric wage formation mechanisms at the sectorial level indicate how the elimination of the connection between wages and profits in one of the sectors, leads to changes in the relations between output and prices and in the causal mechanism of output and price formation. Consequantly a change in one behavior carries with it an entire array of modifications due to the spread of the behavior change through the network of interdependencies

Keywords: general dynamic intersectoral model; symmetric and asymmetric behaviors; structural inflation (search for similar items in EconPapers)
JEL-codes: C15 C63 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.ipe.ro/rjef/rjef2_13/rjef2_2013p87-100.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:rjr:romjef:v::y:2013:i:2:p:87-100

Access Statistics for this article

Journal for Economic Forecasting is currently edited by Lucian Liviu Albu and Corina Saman

More articles in Journal for Economic Forecasting from Institute for Economic Forecasting Contact information at EDIRC.
Bibliographic data for series maintained by Corina Saman ( this e-mail address is bad, please contact ).