Revista Internacional de Economía y Ciencias de la Gestión

Analyzing the Impact of Gross Domestic Product Growth Rate on Inflation: Short Empirical Study for the Romanian Economy

Abstract

Sacala Cristina Daniela

This paper aims to analyze the impact of Gross Domestic Product growth rate on inflation in Romanian economy for time series data between 2000 and 2013. The research methodology used is the method of least squares and the results show that there is a strong relationship between the two variables. Also there are other factors that may impact on the evolution of inflation (unemployment rate, the reference interest rates, supply and demand for currency, etc.), factors that I will consider in a future analysis.