INFLATION AND COMPETITIVENESS, A VAR MODELLING APPROACH Cover Image

INFLATION AND COMPETITIVENESS, A VAR MODELLING APPROACH
INFLATION AND COMPETITIVENESS, A VAR MODELLING APPROACH

Author(s): Cosmin Fratostiteanu
Subject(s): Economy
Published by: Editura Universitaria Craiova
Keywords: competitiveness; inflation; VAR models; forecast

Summary/Abstract: VAR modeling in inflation forecasting has been widely used, and rather successful, even if there have been several critiques of its exactness or accuracy. This paper is structured into two sections. The first one accomplishes a general presentation of VAR modeling in forecasting inflation, and the second is focused on the results of this econometric approach for inflation in Romania. Even if we considered methodologies containing inflation measured using CPI, CORE1 and CORE2, testing will only be performed for the CPI Inflation.

  • Issue Year: 2010
  • Issue No: 2
  • Page Range: 404-410
  • Page Count: 7
  • Language: English
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