Inflation Inertia and Inflation Persistence in Romania Using a DSGE Approach

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Author(s): Cristi Spulbar (University of Craiova, Romania)and Ramona Birau (Constantin Brâncuși University of Targu Jiu, Romania)
Copyright: 2023
Pages: 11
Source title: Research Anthology on Macroeconomics and the Achievement of Global Stability
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-6684-7460-0.ch057

Keywords: Business & Management / Business Science Reference / Economics & Economic Theory / Economics and Economic Theory

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Abstract

The main purpose of this chapter is to investigate monetary policy dynamics, as well as the inflation inertia and inflation persistence in Romania using a DSGE approach. The empirical findings revealed that the price evolution reflects the difficulties of eliminating the inflation inertia. Moreover, in Romania, the historic inflation evolution has a significant influence in terms of inflation expectation patterns. Inflation is a negative phenomenon with dramatic consequences for Romania's economic development on long term.

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Inflation Inertia and Inflation Persistence in Romania Using a DSGE Approach

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