Details

Autor(en) / Beteiligte

• Nedelea, Alexandru-Mircea
• Kumaran, R. Malar

Titel

Monetary Policy of Romania: A Critical Review

Ist Teil von

• EcoForum (Suceava.), 2017, Vol.6 (2), p.0-0

Ort / Verlag

Asociaţia de Cooperare Cultural-Educaţională Suceava

Erscheinungsjahr

2017

Quelle

EZB Free E-Journals

Beschreibungen/Notizen

• The monetary policy is the backbone of economic system. It is equally important instrument of regulating inflation with or without inflation target. Romania has rightfully adopted to price stability despite the fact that European Union and European Commercial Bank preferred price stability. JM Keynes in his General theory suggested that the monetary policy would be associated with interest rates for credit expansion and contraction for employment and growth. John B Taylor and other economists have opted for other measures including sacrifice of economic growth for inflation targets. The policy mix does play important role in this regard among other options. There are different views on price stability and financial stability while deciding the monetary policy options.