THE INFLATIONARY PHENOMENON IN ROMANIA

Authors

  • Codruta Dana Daianu „Aurel Vlaicu” University of Arad
  • Raoul Gordean Tibiscus University of Timisoara

Keywords:

inflation, macroeconomic indicators, EU, Pearson coefficient

Abstract

The inflationary phenomenon has a long history, being considered a monetary process. It has unfolded over time with uneven intensity as well as changes in meaning. The meanings, consequences and rhythms of this process at the macroeconomic level were asymmetrical and asynchronous, so historians and experts in the field described it as "the disorder of economic life."

Through this paper, we intend to perform a radiography of the inflationary phenomenon in Romania. The macroeconomic indicators used in the quantification of the inflationary phenomenon as well as the differences between the CPI (Consumer Price Index) and the Harmonized Index of Consumer Prices (HICP) are presented, the first mentioned being relevant in the quantification of the inflationary phenomenon in Romania and the latter being the indicator used to make comparisons of the inflation rate between the European Union states as well as the Eurozone.

From the point of view of the methodology of scientific research, the following methods were used in conjunction with: analysis, synthesis, induction, deduction, comparative processing of data. It was highlighted the influence of the inflation rate on the evolution of GDP in comparable prices, determined by the Pearson Coefficient.

Author Biographies

Codruta Dana Daianu, „Aurel Vlaicu” University of Arad

ECONOMIC DEPARTMENTASSOCIATE PROFESSOR Ph.D.

Raoul Gordean, Tibiscus University of Timisoara

ECONOMIC DEPARTMENTLecturer Ph.D

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Published

03.05.2019

Issue

Vol. 8 No. 2 (2019)

Section

Business Economics, Sustainable Development, Public Administration and Law

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