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Theoretical and Applied Economics
No. 3 / 2006 (498)

Correlation Analysis between Nominal and Real Convergence. The Romanian Case

Marius-Corneliu Marinas
Academia de Studii Economice Bucuresti

Abstract. This study aims to analyze the sources of the correlation between the nominal and real convergence, as well as the impact of the macroeconomic politics on it. The perspective of Euro adoption will impose stricter management of monetary and budgetary politics, which will affect negatively the catching up process of the economic delays given the lack of higher economic flexibility. This enables a more rapid adjustment of the economy to some persistent shocks as a result of applying growth aggregate supply politics.

Keywords: real convergence; nominal convergence; convergence index; business cycles; economic flexibility.

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Comunitati epistemice
Marin Dinu

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The Economicity. The Epistemic Landscape, Marin Dinu, 2016


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