The main goal of Romanian monetary authorities after accession to the European Union is to maintain the inflation rate in the proposed target. In that respect, the process of slowing inflation can be maintained through considerably reduced raises in administered and volatile prices and...

This paper extends wavelet methodology to handle co-movement dynamics of multivariate time series via moving weighted regression on wavelet coefficients. The concept of wavelet local multiple correlation is used to produce one single set of multi-scale correlations along time, in contrast with...