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The Actuality of Macroeconomic Imbalances

Author

Listed:
  • Cristina Burghelea

    (Hyperion University, Bucharest, Romania)

  • Anda Gheorghiu

    (Hyperion University, Bucharest, Romania)

  • Cristiana Tindeche

    (UASMVB of Bucharest, Romania)

  • Anca Gheorghiu

    (Hyperion University, Bucharest, Romania)

  • Nicolae Mihailescu

    (Hyperion University, Bucharest, Romania)

Abstract

Of all the current macroeconomic imbalances, the inflationary phenomenon is one of the most difficult to combat. In some countries, inflation was the main enemy of economic progress. The effects of this phenomenon are largely dependent on the intensity of expectations as well as on the ability to be kept under control by monetary authorities. Lately there has been a significant decline in inflation in both developed and developing countries, as well as increasing commitment of monetary authorities in obtaining the lowest rates of inflation. This article aims to analyze the pillars of direct inflation targeting strategy, prerequisites and developments of new directions of monetary, pointing to the experience of countries that have adopted inflation targeting strategy from 1990 to present.Capturing the coordinates of inflation targeting strategy in Romania tracked the factors that led to changing the previous strategy and prerequisites for adopting new strategies to combat inflation

Suggested Citation

  • Cristina Burghelea & Anda Gheorghiu & Cristiana Tindeche & Anca Gheorghiu & Nicolae Mihailescu, 2013. "The Actuality of Macroeconomic Imbalances," Hyperion Economic Journal, Faculty of Economic Sciences, Hyperion University of Bucharest, Romania, vol. 1(4), pages 62-70, December.
    • Handle: RePEc:hyp:journl:v:1:y:2013:i:4:p:62-70
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    More about this item

    Keywords

    inflation; economic growth; monetary aggregate;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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