文章基本信息

标题：VEC MODEL OF DEVELOPING COUNTRY INFLATIONARY DYNAMICS – AN EMPIRICAL STUDY – THE CASE OF ROMANIA
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作者：Meşter Ioana Teodora
期刊名称：Annals of the University of Oradea : Economic Science
印刷版ISSN：1222-569X
电子版ISSN：1582-5450
出版年度：2009
卷号：XVIII
期号：02
出版社：University of Oradea
摘要：One of the most difficult issues confronting that monetary authorities in many developing economies have to deal with is the management of a stable price environment. Inflation can create uncertainty, a low level of investment, and raise costs in general, thus lowering rates of growth. As a result, there exists a widespread need for understanding inflationary dynamics in any country of interest, especially in developing countries, subject to more significant and volatile price changes. This paper develops a VEC model for the Romanian economy, using CPI index and other macroeconomic data, in order to capture the transmission mechanism of inflation.
关键词：inflation forecasting, monetary policy, developing countries, Romania, VAR model