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24. Comparative Econometric Insights Into The Influence Of Inflation On Economic Growth In Romania And European Union

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  • Irina-Stefana Cibotariu

    (Stefan cel Mare University, Suceava, Romania)

Abstract

This paper provides a comparative analysis of the impact of inflation on economic growth, focusing specifically on the cases of Romania and the European Union. Using econometric methods, the study explores not only the interaction between inflation and economic growth, but also the variations of these dynamics in the two contexts. Comparative analysis allows a deeper understanding of the influence of inflation in different economic and political environments. Also, through the development and application of two econometric models, the paper clearly illustrates the relationship between inflation and economic growth, making an essential contribution to economic theory and the interpretation of the inflationary phenomenon. The results obtained are of importance for the formulation of effective economic policies, providing the necessary perspective for the adaptation and implementation of economic strategies at national and European level. The study also highlights the importance of policy adaptability in the face of economic diversity and provides recommendations for policy makers, thus contributing to more robust economic management in the face of inflationary fluctuations.

Suggested Citation

  • Irina-Stefana Cibotariu, 2023. "24. Comparative Econometric Insights Into The Influence Of Inflation On Economic Growth In Romania And European Union," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 11(2), pages 194-201, June.
    • Handle: RePEc:scm:ejafbu:v:11:y:2023:i:2:p:194-201
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    References listed on IDEAS

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    3. Goyal, Ashima & Kumar, Abhishek, 2021. "Asymmetry, terms of trade and the aggregate supply curve in an open economy model," The Journal of Economic Asymmetries, Elsevier, vol. 24(C).
    4. Joseph E. Gagnon & Christopher G. Collins, 2019. "Low Inflation Bends the Phillips Curve," Working Paper Series WP19-6, Peterson Institute for International Economics.
    5. Carola Binder & Rupal Kamdar, 2022. "Expected and Realized Inflation in Historical Perspective," Journal of Economic Perspectives, American Economic Association, vol. 36(3), pages 131-156, Summer.
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