Statistical evaluation of the degree of nominal convergence of the inflation rate in Romania
Journal Title: Revista Romana de Statistica - Year 2011, Vol 59, Issue 6
Abstract
Nominal convergence is a process that is characterised by the gradual harmonisation, to a relatively high degree, of the national institutions and policies of the Member States with those of the EU, in the monetary and financial fields. The birth of nominal convergence is marked by the Maastricht Treaty, by means of which the criteria required for adopting the euro were established. One of the criteria refers to price stability (inflation rate), which is measured by the Harmonised Index of Consumer Prices. A Member State meets this criterion if it has a price perfomance that is sustainable and an average rate of inflation, observed over a period of one year before the examination,that does not exceed by more than 1.5 percentage point that of, at most, the three best perfoming Member States in terms of price stability. The article proposes a model for the statistical evaluation of the degree to which the nominal convergence criterion related to price stability is met. The evaluation is based on the following pillars: a theoretical synthesis of the Harmonised Index of Consumer Prices, a statistical analysis concerning the evolution of inflation in Romania and the gap vis-à-vis the reference value for meeting the nominal convergence criterion.
Authors and Affiliations
Mihai GHEORGHE
Keywords
Related Articles
- EP ID EP145189
- DOI -
- Views 145
- Downloads 0
Durability of Knowledge, Learning and Skills in Organization Management and the Paradigm of Management Innovation
Excessive aggregation of systems, methods, techniques and Instruments, achieved through the practices, confirmed, theorized and scientifically grounded, of contemporary management, results into in a complex, yet natural...
Distorsiuni în investigarea empirică a fenomenelor economice
Studierea fenomenelor economice este o practică curentă, rezultată din necesitatea înţelegerii complexităţii realităţilor economice care sunt într-un continuu proces de extindere. Aceasta este posibilă prin analize speci...
Impactul economico – financiar al dării în plată
În acest articol, autorii analizează Legea/2016 privind darea în plată a proprietăţilor imobiliare în vederea stingerii obligaţiilor de credit. Se are în vedere contextul social care a condus la adoptarea legii, creditel...
LABOUR FORCE PERCEPTIONS ABOUT THE RELATIONSHIP BETWEEN EDUCATION SYSTEM PERFORMANCES AND LABOUR MARKET REQUIREMENTS
The purpose of this paper is to investigate some of the educational mismatches occurred in the Romanian labour market and to try to find solutions for a more rapid adaptation of the education system to labour market tran...
Study on the Impact of Public Debt and Budgetary Deficit on Fiscal Pressure in the European Union
Fiscal convergence has always represented one of the objectives of decision factors from EU member states. An important step in this direction was recently made, through signing of the Fiscal Stability pact by 25 member...