1. OAR@UM
  2. External Research Collection
  3. Social Sciences
  4. Finance
  5. European Research Studies Journal
  6. 2008
  7. European Research Studies Journal, Volume 11, Issue 4
Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/31852
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dc.contributor.authorCiurila, Nicoleta-
dc.contributor.authorMurarasu, Bogdan-
dc.date.accessioned2018-07-17T10:27:53Z-
dc.date.available2018-07-17T10:27:53Z-
dc.date.issued2008-
dc.identifier.citationCiurila, N., & Murarasu, B. (2008). Inflation dynamics in Romania - a new Keynesian perspective. European Research Studies Journal, 11(4), 31-38.en_GB
dc.identifier.issn11082976-
dc.identifier.urihttps://www.um.edu.mt/library/oar//handle/123456789/31852-
dc.description.abstractThe objective of this paper is to identify the main factors which drive inflation in Romania: inflation persistence, inflation expectations and real economy variables. We estimate a reduced form hybrid New Keynesian Phillips Curve in order to determine the degree of inertia and the impact of forward looking expectations. As a proxy for real economic activity, we alternatively use the output gap, the unemployment gap, the unit labour cost, the capacity utilization rate and the economic sentiment indicator. We focus on the role of the monetary policy in controlling the various sources of inflation.en_GB
dc.language.isoenen_GB
dc.publisherUniversity of Piraeus. International Strategic Management Associationen_GB
dc.rightsinfo:eu-repo/semantics/openAccessen_GB
dc.subjectInflation (Finance) -- Romaniaen_GB
dc.subjectPhillips curveen_GB
dc.subjectMonetary policyen_GB
dc.titleInflation dynamics in Romania - a new Keynesian perspectiveen_GB
dc.typearticleen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.description.reviewedpeer-revieweden_GB
dc.publication.titleEuropean Research Studies Journalen_GB
Appears in Collections:European Research Studies Journal, Volume 11, Issue 4

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