Get your ERSJ subscription today!
Workshop in Prague
 
 
The Relationship between the EUR/RON Exchange Rate and The Romanian Inflation PDF Print E-mail
Authors: Cătălina Adriana Hândoreanu

Abstract:

Using monthly data from January 2000 to October 2007, the present working paper analyses the degree of exchange rate pass through into inflation in the case of Romania. The econometrical method used is the recursive VAR that suggested a low level of the influence of the exchange rate on inflation. Despite the historical role of the exchange rate on the macroeconomical adjustment, this finding is consistent with the inflation targeting regime adopted by National Bank of Romania.

Keywords:
Foreign Exchange, Inflation, Price Level, Monetary Policy, Romania

JEL Classification: E31, F31
 
Terms and Conditions |
Privacy Policy Statement |
Copyright ©2012 | Developed by SKIAS engineering