Analysis of Foreign Imbalances and Exchange Rate Policy in the Romanian Economy

Considering the previous year's results, the paper re-addresses the issue of inflationary shocks dynamics and the dynamics of the foreign imbalance - induced shocks. The ideea of a correlation between the foreign imbalances and the output gap was first introduced by Acad. Emilian Dobrescu (2004) and provides an answer to certain behaviors specific to the Romanian transition economy. The paper presents an econometric analysis of the foreign imbalances and exchange rate policies, on the basis of certain short-term error-correcting econometric models (mothly data series) that reveal the correlations between the output gap and the foreign and exchange rate imbalances, the adjustment speed to the long-term balance, as well as the reaction towards the stability condition. At this stage, the previous year's results are used .foreign imbalances, output gap, exchange rate policy;

THE BAROMETER OF THE ROMANIAN ECONOMY

The Barometer of the Romanian Economy" intends to be a mirror of the evolution of the Romanian economy and, at the same time, to be its global indicator of state and trend. "The Barometer of the Romanian Economy" was first published some years ago in Microeconomia aplicatã, on the initiative and under the co-ordination of Professor Cezar Mereuþã. Quarterly, during 1997-1999, eight issues were published until December 1999, when the publication ceased to exist. In 2000, "The Barometer of the Romanian Economy" reappeared as a semester topic in the Romanian Journal of Economic Forecasting, Nos.1-2. * Parts of the articles published on the site Barometer of the Romanian Economy, Internet Securities Inc., ISI Emerging Markets, http://www.securities.com.economic barometer, national economy, macroeconomic indicators and aggregates, economic analyses

The Barometer of the Romanian Economy*

The Barometer of the Romanian Economy" intends to be a mirror of the evolution of the Romanian economy and, at the same time, to be its global indicator of state and trend. "The Barometer of the Romanian Economy" was first published some years ago in Microeconomia aplicatã, on the initiative and under the co-ordination of Professor Cezar Mereuþã. Quarterly, during 1997-1999, eight issues were published until December 1999, when the publication ceased to exist. In 2000, "The Barometer of the Romanian Economy" reappeared as a semester topic in the Romanian Journal of Economic Forecasting, Nos.1-2. * Parts of the articles published on the site Barometer of the Romanian Economy, Internet Securities Inc., ISI Emerging Markets, http://www.securities.com.economic barometer, national economy, macroeconomic indicators and aggregates, economic analyses

THE BAROMETER OF THE ROMANIAN ECONOMY - FEBRUARY 2007 VERSION

The Barometer presents on a monthly and quarterly basis the evolution of the Romanian economy, its state and trends, by the means of the main macroeconomic indicators and aggregates and brief economic analyses: GDP developments, industrial production, foreign trade, inflation, monetary evolutions, unemployment, exchange rate, domestic trade, services, households' savings, wages, state budget.economic barometer, national economy, macroeconomic indicators and aggregates, economic analyses

The Barometer of the Romanian Economy*

The Barometer of the Romanian Economy" intends to be a mirror of the evolution of the Romanian economy and, at the same time, to be its global indicator of state and trend. "The Barometer of the Romanian Economy" was first published some years ago in Microeconomia aplicatã, on the initiative and under the co-ordination of Professor Cezar Mereuþã. Quarterly, during 1997-1999, eight issues were published until December 1999, when the publication ceased to exist. In 2000, "The Barometer of the Romanian Economy" reappeared as a semester topic in the Romanian Journal of Economic Forecasting, Nos.1-2. * Parts of the articles published on the site Barometer of the Romanian Economy, Internet Securities Inc., ISI Emerging Markets, http://www.securities.com.economic barometer, national economy, macroeconomic indicators and aggregates, economic analyses

The Barometer of the Romanian Economy*

The Barometer of the Romanian Economy" intends to be a mirror of the evolution of the Romanian economy and, at the same time, to be its global indicator of state and trend. "The Barometer of the Romanian Economy" was first published some years ago in Microeconomia aplicatã, on the initiative and under the co-ordination of Professor Cezar Mereuþã. Quarterly, during 1997-1999, eight issues were published until December 1999, when the publication ceased to exist. In 2000, "The Barometer of the Romanian Economy" reappeared as a semester topic in the Romanian Journal of Economic Forecasting, Nos.1-2. * Parts of the articles published on the site Barometer of the Romanian Economy, Internet Securities Inc., ISI Emerging Markets, http://www.securities.com.economic barometer, national economy, macroeconomic indicators and aggregates, economic analyses

The Barometer of the Romanian Economy* - July 2007 Version–

"The Barometer of the Romanian Economy" intends to be a mirror of the evolution of the Romanian economy and, at the same time, to be its global indicator of the state and trend. "The Barometer of the Romanian Economy" was first published some years ago in Microeconomia aplicata, on the initiative and under the co-ordination of Professor Cezar Mereuta. Quarterly, during 1997-1999, eight issues were published until December 1999, when the publication ceased to exist. In 2000, "The Barometer of the Romanian Economy" reappeared as a semester topic in the Romanian Journal of Economic Forecasting, Nos.1-2. * Parts of the articles published on the site “Barometer of the Romanian Economy”, Internet Securities Inc., ISI Emerging Markets, http://www.securities.com.economic barometer, national economy, macroeconomic indicators and aggregates, economic analyses