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Reference rate’s influence on Romanian inflation rate during the 1997-2007 period

Ciprian Turturean ()

THE YEARBOOK OF THE "GH. ZANE" INSTITUTE OF ECONOMIC RESEARCHES, 2009, vol. 18, 135-140

Abstract: Reference rate, as NBR’s (National Bank of Romania) basic instrument, is successfully used for liquidity control on the monetary market and, implicitly, for targeting inflation. The reference rate is an efficient instrument for controlling inflation in a surface, functional economy, which is the case for Romania. The relation between Romanian’s reference rate and the Romanian’s inflation rate can be described by an autoregressive econometric model, for the 1997-2007 period

Keywords: inflation; reference rate; liquidity control (search for similar items in EconPapers)
Date: 2009
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