Munich Personal RePEc Archive

Implicații ale pierderii autonomiei politicii monetare asupra procesului inflaționist

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.

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