Romania: Selected Issues

June 25, 2007

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Format: Chicago

Romania: Selected Issues, (USA: International Monetary Fund, 2007) accessed September 18, 2024

Summary

This Selected Issues paper discusses Romania’s modeling monetary policy. A simple Forecasting and Policy Analysis System (FPAS) for Romania has been designed to help in the preparation of the IMF staff’s forecasts and policy assessments. A major advantage of this approach is that it allows the systematic and rapid analysis of different policy options. The model embodies the key principle that, in an inflation-targeting framework, the role of monetary policy is to provide an anchor for inflation and inflation expectations. The development and calibration of this model is an ongoing process.

Subject: Expenditure, Inflation, Labor, Pension spending, Prices, Public sector wages, Wage adjustments, Wages

Keywords: CR, Dependency rate, Employment rate, Europe, Fertility rate, Fertility scenario, Forecast inflation path, Government wage, Inflation, Inflation target, ISCR, Net migration rate, Pay, Pension spending, Public sector wages, Replacement rate, Retirement age, Wage adjustments, Wages, Western Europe

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/220
Stock No:

1ROMEA2007002
ISBN:

9781451832884
ISSN:

1934-7685

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