Damian, Monica (2011): Implicații ale pierderii autonomiei politicii monetare asupra procesului inflaționist.
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Abstract
The first part of the paper assesses the impact of asymmetric shocks on inflation in two new members states of the euro zone: Slovenia and Slovakia. The second part of the paper studies the issue of the inflationary process in Romania in the context of losing autonomous monetary policy after euro adoption. Minimizing the cost of losing monetary autonomy presupposes the fulfilment of the sustainable nominal and real convergence criteria. The unsynchronization of the business cycle indicates a higher probability of asymmetric shocks and thus lead to differences in inflation to the euro area, differences that will persist due to the inertial component.
| Item Type: | MPRA Paper |
|---|---|
| Original Title: | Implicații ale pierderii autonomiei politicii monetare asupra procesului inflaționist |
| Language: | Romanian |
| Keywords: | rata inflației; politică monetară; șocuri asimetrice; zona euro |
| Subjects: | E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level ; Inflation ; Deflation E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy |
| Item ID: | 35061 |
| Depositing User: | MONICA DAMIAN |
| Date Deposited: | 28 Nov 2011 16:48 |
| Last Modified: | 05 Oct 2019 16:43 |
| References: | 1. Arghyrou, M.G., “The accession of Greece to the EMU: Initial Estimates and Lessons for the New EU Countries”, Liverpool Quarterly Economic Bulletin, nr.4./ vol.27, p.1-14, 2006 2. Bojeșteanu, E., Manu, A.S., “Analiza Empirică a Sincronizării Ciclului de Afaceri şi a Similarității Șocurilor între România şi Zona Euro”, MPRA Paper, 31295, 2011 3. Borowski, J. et.al., A Report on the Costs and Benefits of Poland’s Adoption of the Euro, Banca Națională a Poloniei, 2004 4. Dumitru, I., “Adoptarea Euro în România”, MPRA Paper, nr. 18612, 2009 5. Fernández, A. M., Sánchez-Robles, B., An Attempt to Modelize the ECB’s Monetary Policy, 2004, www.ecomod.net/conferences/ecomod2004/ecomod2004_papers/37.pdf 6. Ganev, G., “Costs and Benefits of Euro Adoption in Bulgaria”, Working Paper D 5.3, 2009 7. Garganas, N.C., “Does One Size Fit All? Monetary Policy and Integration in the Euro Area”, BIS Review, nr. 126, 2007 8. Moons, C., Van Poeck, A., “Does One Size Fit All? A Taylor-Rule Based Analysis of Monetary Policy for Current and Future EMU Members”, University of Antwerp, Faculty of Applied Economics, Working Papers, nr.26 2005 9. Šuster, M., “The Effects of Euro Adoption on the Slovak Economy”, National Bank of Slovakia Research Department Report, Working Paper, nr.1, 2006 |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/35061 |
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