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The monetary policy decision, as any other decision, is the product of a procedure assembling a lot of primary information, but also what type of other ingredients contribute finally to a certain monetary policy decision.
Persistent link: https://www.econbiz.de/10008464218
The inflation phenomenology offers to the author the occasion to perform a theoretical, i.e. an abstract analyze, that …
Persistent link: https://www.econbiz.de/10008464157
The purpose of the paper is to present an efficient instrument for simulation and research of inflation and its … controlled prices as well as the impact of external shocks as international price of oil on future inflation in Romania. …
Persistent link: https://www.econbiz.de/10008464172
Approaching the theory of economic cycle is not an issue that comes in hand! We are permitted to make such a statement based on the idea that explanations concerning the business cycle theory are strictly related to how each school of thought was able to understand the system that makes market,...
Persistent link: https://www.econbiz.de/10015228954
This survey analyzes two types of models: 1. Models based on assumptions of monetary and financial market equilibrium disturbance in line with mainstream thinking to believe that is self-regulating market, the units would have rational expectations, an the crisis would be a temporary phenomenon...
Persistent link: https://www.econbiz.de/10008764787
of the paper are that in the period 1998-2006 the average annual rate of inflation generated by the Balassa … extended model, which is considered more appropriate by us, the impact on inflation is higher and ranges between 0.69% in 2005 …
Persistent link: https://www.econbiz.de/10015219053
The premise from which we start is that the main cause of economic crises is the constant attempt to create, what Georgescu-Roegen called, "entropy of contraband." The phrase refers to a fictional creation of an energy that does not exist. To prove this we describe the major crises that have hit...
Persistent link: https://www.econbiz.de/10015228626
The first part of the paper assesses the impact of asymmetric shocks on inflation in two new members states of the euro … indicates a higher probability of asymmetric shocks and thus lead to differences in inflation to the euro area, differences that …
Persistent link: https://www.econbiz.de/10015229557
paper assess the opportunity of changing the status quo of the monetary policy in Romania with the inflation targeting … monetary policy framework in 2005. The paper identifies the challenges of the direct inflation targeting implementation in … inflation targeting in Romania, this paper emphasizes the fact that the strategy would be maintained according to NBR strategy …
Persistent link: https://www.econbiz.de/10015232698
This paper explores some recent challenges for the inflation targeting. The circumstances are different for the … less formally the inflation targeting, in order to gain appreciation from the international financial institutions. Most of … these central banks announced the applying of a flexible inflation targeting which could mask the time-inconsistent monetary …
Persistent link: https://www.econbiz.de/10015240624