Exchange Rate Pass-Through into Romanian Price Indices: A VAR Approach

This paper investigates the exchange rate pass-through (ERPT) into import prices, producer prices and several different measures of consumer prices indices for Romanian economy. In order to determine the size, describe the dynamics and identify the asymmetries in ERPT the paper employs an array of econometric methods belonging to the VAR family. The methods range from RVARS (on different price indices and/or on a rolling window), Sign-restriction VARs (also using different consumer inflation measures), MS-VAR, TAR and SETAR, the last three methods being naturally equipped to capture various types of asymmetries. The results point to an almost complete passthrough into import prices and incomplete pass-through into producer and consumer prices. In all cases except import prices the ERPT displays a decline in magnitude over the analysed time interval. The paper also finds important asymmetries with respect to sign and size of the exchange rate, size of inflation and time period.exchange rate, pass-through, import prices, producer prices, consumer prices, vector autoregression, sign-restriction

Exchange Rate Pass-Through into Romanian Price Indices. Avar Approach.

This paper investigates the exchange rate pass-through (ERPT) into import prices, producer prices and several different measures of consumer price indices for the Romanian economy. In order to determine the size and describe the dynamics in ERPT, the paper employs an array of econometric methods belonging to the VAR family. The methods employed are RVARs (on different price indices and/or on a rolling window) and Sign-restriction VARs (also using different consumer inflation measures). The results point to an almost complete pass-through into import prices and incomplete pass-through into producer and consumer prices. In all cases except import prices the ERPT displays a decline in magnitude over the analysed time interval.exchange rate, pass-through, import prices, producer prices, consumer prices, vector autoregression, sign-restriction

Asymmetries In The Exchange Rate Pass-Through Into Romanian Price Indices

The article examines the asymmetries of the exchange rate pass-through (ERPT) into import, producer and consumer price indices for the Romanian economy. Using three econometric methods naturally equipped to capture various types of asymmetries (MS-VAR, TAR and SETAR), important asymmetries with respect to sign and size of the exchange rate, size of inflation and time period have been detected.exchange rate, pass-through, import prices, producer prices, consumer prices, vector autoregression, asymmetries, MS-VAR, TAR, SETAR

A Corporate Model of Similitude for SMEs Reunion into a Corporation, Viewed from the Angle of Physical Thought, and Its Complex Economic and Social Impact

In order to exceed the circularity of formal economic thinking, the authors of the present paper favour the models of thinking specific to physics, which are also constructed statistically and mathematically, in an attempt to find an answer to the reunion of similar small and medium enterprises (SMEs), into multinational corporations. A model based on the theory of similitude is thus made use of, born from the very essence of physics, and having an economic and social destination and a complex impact. The physical models intended for economic systems are expressed as systems of partial differential equations, and the result becomes a new vision of reality. This paper details an original model based on physical similitude for SME amalgamation under the name of multinational corporations. After an introduction to the physical theory of similitude, the first section describes the physics model because of the reunion of similar SMEs. The real birth of some corporations in Serbia forms the content of the second section; the economic and social phenomena relating to the generation of such corporations, and the corporate social responsibility are emphasized. The idea of social complexity and its impact as the fifth dimension of a modern multinational corporation conclude the paper.physical model, small and medium enterprise (SME), multinational corporation (MNE), corporate social responsibility (CSR), economic and social complexity

Research on Works of Historian Virgil Drăghiceanu Discovered in the Archives of Romania’s Historical Monuments Commission

Mr Virgiliu N. Drăghiceanu (1879–1964) was a Romanian historian, archaeologist, museographer and conservationist who played a major role in protecting and saving Romania’s national heritage. In 1907, he started working for the Ministry of Cults (public servant and director), the Historical Monuments Commission (1892–1847). Between 1907 and 1938, he headed the department handling the collections preserved in the museums covered by the Commission. He was secretary of the Editorial Committee of the Bulletin of the Historical Monuments Commission, also a secretary director and an acting member of the Commission over January 1938–June 1940. Further to a proposal by the famous historian Nicolae Iorga, Virgiliu N. Drăghiceanu became a corresponding member of the Romanian Academy (1926–1947). His most important work involved archaeological excavations in Wallachia’s old royal courts: Câmpulung, Curtea de Argeș and Târgoviște, but also the inscriptions on the discovered monuments. He is the one who discovered the tomb of Constantin Brâncoveanu on the premises of the church of Sfântul Gheorghe Nou in Bucharest (1914), but also the princely tomb (of Radu Negru-Vodă) in Curtea de Argeș (July 1920)

Assessment of environmental pollution level caused by shipbuilding industry

The purpose of the paper was to create databases that would allow a proper assessment of the degree of marine pollution generated by shipyard industrial sector. The study was conducted over a period of three years, between 2015 and 2017. The parameters determined for the waters collected from the shipyard were within the maximum allowed limits according to the norms in force. However, values very close to the maximum allowable limit were observed in the case of groundwater for nickel, determined from the drilling located near the fuel depot in 2015 and chlorides determined from the drilling located near the galvanizing workshop, both in 2016 and in 2017. The analyzed parameters for the soil samples, collected from various sampling points and different depths, were below the value of the alert thresholds for less sensitive soils, according to Order 756/97. The databases created for this study can contribute as an incipient basis for the development of larger studies that include other industrial sectors as well as a longer evaluation period

Comparative study on metal versus zirconium dioxide infrastructure manufacturing in prosthetic rehabilitation in the maxillary frontal zone

Prosthetic rehabilitation of the maxillary front teeth is an extremely laborious problem for the dental team, consisting of the dentist and the dental technician. If for the physiognomic component the most recommended materials are the ceramic masses, for the resistance substrate there are several variants. Conventional technologies using dental alloys and modern ones involving the use of zirconium dioxide can be used successfully in performing fixed prosthetic restorations in the maxillary frontal area, both options having both advantages and disadvantages, as we will describe in this material

Les classes sociales de l’Europe occidentale dans le Moyen Age

Manea Udrea Florentina. Les classes sociales de l’Europe occidentale dans le Moyen Age. In: Annales d'Université "Valahia" Târgovişte. Section d'Archéologie et d'Histoire, Tome 4-5, 2002. pp. 221-223

Colored Coating Materials with Spectrally Selective Reflectance for Woodland Camouflage Textile Fabrics

The camouflage effect aims to reproduce natural or artificial surroundings in terms of color, [...