This paper is organized in two parts, the presentation of the model of inflation for Romania, and the results of different scenarios starting from the base model. The purpose of the paper is to present an efficient instrument for the simulation and research of inflation and its determinants in...

The paper intends to synthetically present a possible use of bounded rationality and cognitive biases in the evaluation of different core inflation measurements. As a consequence, the paper starts by synthetically presenting the main approaches to computing core inflation. We continue by...

The start-up of the international financial crisis and its generalization at the level of the developed countries’economies and its extention at global level make companies o pay higher attention to the financial management and, not the least, to the review and assessment of their financial...

The paper aims to analyze the causes or the motivations of the households’ informal economy activities and to estimate the size of the Romanian informal economy. Using data for Romania, it was found that people perceived high taxes as the main cause of the informal activities. The data...

The author discusses here the current context of Romanian economy, as well as the macroeconomic implications of the future integration into EU and EMU, respectively. Romania is characterized by a persisting inflation which raises the question whether Romania is ready or it has to delay the...

This article discusses the place of the FEER concept in the open economy literature. The author summarizes the theory that supports and the notion of FEER, the assumptions and the relevant variables involved as well as the model by which FEER can be determined.

Romania may take into consideration the construction of a Monetary Conditions Index (MCI) as an indicator of the degree of tightening or easing in monetary policy. The authors raise the question whether the current development stage of financial markets and the progress in designing and...

The informal sector consists of productive units characterised by a low level of organisation, by a fuzzy separation between labour and capital and by labour relations based on kinship or social relationship rather than formal contracts. In order to reveal the informal economy determinants in...