Revista OEconomica

Alexandru POPOVICI - Mass-Energy Models of the Economy – Concepts and Realities (II). Energy Flow Analysis

Ramona Iulia DIEACONESCU, Andra Nicoleta MECU, Florentina CHIŢU - Assessing the Interplay of Natural and Anthropogenic Factors in Climate Change: An Economic and Environmental Analysis [Evaluarea interacţiunii factorilor naturali şi antropici în schimbările climatice: o analiză economică şi de mediu]

Răzvan PÎRCĂLĂBESCU - Trade Relations between Romania and the United Mexican States: Export Challenges and Opportunities [Relaţiile comerciale ale României cu Statele Unite Mexicane: provocări şi oportunităţi ale exportului]

Cristian MANOLACHI - Critical Considerations on How Subsidies, Legal Constraints and Physical Barriers Affect Well-Being and Economic Freedom in Today’s European Union

Anca TAMAŞ - Book Review / Recenzie de carte: Matt Ridley, Inovaţia – Cum funcţionează şi de ce îi prieşte libertatea, Bucureşti, Editura Orion, 2021

Articles on Issue Theme

Silviu CERNA

Universitatea de Vest din Timişoara

In the past two years, Romania has once again experienced high inflation. Initially, it appeared as if the inflation was temporary and caused exclusively by external factors, such as tensions in the international raw materials market and supply difficulties – in the context of the strong relaunch of the world economy after the discharge of the restrictions imposed by the pandemic. Subsequently, it was found that inflation is persistent and fuelled by internal factors, which have an effect not only on the demand, but also on the supply. In the short term, the most recent and perhaps most important cause of inflation is the rising energy prices exacerbated by the war in Ukraine. In the medium and long term, inflationary pressures will probably intensify due to structural factors, such as imbalances in the economy, the transition to green energy, which is more expensive, investment stagnation, demographic decline, and so on.

ŒCONOMICA no. 3/2023

Keywords: money, inflation, banking, crisis, recovery, Romania

JEL: B52, E62, G21, N10, O23

The Impact of Inflation upon Banks

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