Socol, Cristian; Niculescu, Aura - In: Theoretical and Applied Economics 1(496) (2006) 1(496), pp. 3-7
This paper evaluates the trade-off between output volatility and the variability of the inflation rate around its … target (Romanian case). The optimal choice for National Bank of Romania (NBR), in our opinion, is the flexible inflation … Romanian authority – NBR – can substantially improve its credibility under inflation targeting policy regime by becoming more …
