Mismeasurement of inflation is likely to be more severe in a transition economy than in a more stable environment …. Comparisons of self-reported changes in economic welfare with changes in incomes suggest that official Romanian inflation measures … may be overstated by between 100 and 300 percent at a reported annual inflation rate of 40 per cent …

Mismeasurement of inflation is likely to be more severe in a transition economy than in a more stable environment …. Comparisons of self-reported changes in economic welfare with changes in incomes suggest that official Romanian inflation measures … may be overstated by between 100 and 300 percent at a reported annual inflation rate of 40 per cent …

monetary targeted variable to have an impact on inflation. We apply a rather general framework to the Romanian experience with … MT in the period 1999-2005. We find that during this period Romania's MT regime can be characterised by a concern for … significantly. - Monetary targeting ; optimal monetary policy ; Romania …

monetary targeted variable to have an impact on inflation. We apply a rather general framework to the Romanian experience with … MT in the period 1999-2005. We find that during this period Romania's MT regime can be characterised by a concern for …