Evaluation of optimal monetary policy strategy in Romania in the context of fulfilment of convergence criteria

Adopting the euro currency implies the fulfilment of Maastricht convergence criteria, which implies a number of challenges for the macroeconomic policy mix, due to the existence of the conflict between them. The paper analyzes empirically the main monetary policy strategy in the context of euro in Romania.The results of the study show that inflation targeting is an optimal monetary policy strategy to achieve real and nominal convergence criteria.

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Year of publication:	2011
Authors:	DAMIAN, Monica
Published in:	Romanian Journal of Economics. - Institutul de Economie Nationala. - Vol. 33.2011, 2(42), p. 146-168
Publisher:	Institutul de Economie Nationala
Subject:	monetary policy strategy \| euro \| inflation \| Maastricht criteria

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Extent:	application/pdf
Type of publication:	Article
Classification:	E31 - Price Level; Inflation; Deflation ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010901873