Measures of Core Inflation Used by the National Bank of Romania

Artikel

The inflationary process has become a phenomenon that has a significant influence on society in general and it is therefore important to be managed in an efficient manner. The objective of this study is to analyze the core inflation measures in Romania, after the adoption of direct inflation targeting regime in August 2005. In order to identify the causal link between the core inflation measures and inflation quantified by the Consumer Price Index (CPI), the Granger causality test is used. The study results indicate that only on the short-term the CORE 1 inflation (calculated using the Consumer Price Index from which the administered prices are eliminated) has influence on the total inflation, among the other core inflation measures and total inflation rate, the statistical relationships being insignificant.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: CES Working Papers ; ISSN: 2067-7693 ; Volume: 7 ; Year: 2015 ; Issue: 1 ; Pages: 17-30 ; Iasi: Alexandru Ioan Cuza University of Iasi, Centre for European Studies

Classification and Topics

• Classification: Wirtschaft ; Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes ; Price Level; Inflation; Deflation
• Subject: core inflation ; Consumer Price Index ; Granger causality test

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Baciu, Ionut - Cristian
• Event: Veröffentlichung
• (who): Alexandru Ioan Cuza University of Iasi, Centre for European Studies
• (where): Iasi
• (when): 2015

Further information

• Handle: http://hdl.handle.net/10419/198358
• Last update: 10.03.2025, 11:42 AM CET