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Inflation And Unemployment In The Romanian Economy

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  • Emilia Herman

    (“Petru Maior” University of Târgu Mureş, Romania)

Abstract

The current economic theory and practice highlights the fact that between inflation and unemployment, two macroeconomic issues which affect the lives of millions of individuals, directly and indirectly, there is no simple correlation. Taking into consideration these aspects, we aim to present a theoretical and empirical view on the relationship between inflation and unemployment in this study. Also, our intention is to analyze if in Romania, during 1990 and 2009, there is a Phillips type relation between the inflation rate and the unemployment rate. The results of this research show that, in Romania, in the long run (20 years) one cannot identify a stable, statistically significant relationship between inflation and unemployment.

Suggested Citation

  • Emilia Herman, 2010. "Inflation And Unemployment In The Romanian Economy," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 10(2), pages 157-170.
    • Handle: RePEc:pet:annals:v:10:y:2010:i:2:p:157-170
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    File URL: http://upet.ro/annals/economics/pdf/2010/20100215.pdf
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    References listed on IDEAS

    as
    1. Oana Dobre-Baron & Alina Fleşer, 2009. "The Analysis of Social Security for Unemployed during the Period 1991-2009," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 9(1), pages 199-206.
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    Cited by:

    1. Adina Popovici (Barbulescu), 2012. "Education System, Labour Market and Education System Graduates Employment in Romania," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 105-116.
    2. Dorin Jula & Nicoleta Jula, 2017. "The Phillips Curve for the Romanian Economy, 1992-2017," Computational Methods in Social Sciences (CMSS), "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences, vol. 5(1), pages 36-48, June.
    3. Manuela Rozalia Gabor, 2012. "Are There Differences Reffering To The Living Standard In Romania According To The Occupational Status? Empiric Research Reffering To The Endowment With Durable Goods In Romanian Households," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 117-124, September.

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      More about this item

      Keywords

      inflation; unemployment; misery index; Phillips curve;
      All these keywords.

      JEL classification:

      • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
      • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
      • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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