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Romanian Abstract: În 2015 piețele financiare au resimțit intensificarea divergențelor depolitică monetară în economia mondială. După semnalele lansate în ultimele trimestre FED ademarat în decembrie anul trecut un nou ciclu de politică monetară, prin majorarea ratei dedobândă de...
Persistent link: https://www.econbiz.de/10012992117
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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 … various points of view. Throughout this paper we will make a brief doctrinaire promenade starting with the monetary theory …
Persistent link: https://www.econbiz.de/10015228954
rise of budget deficits and the present low interest rates could impose the choice between a high unemployment and an … accelerating inflation. In such decisions, the objectives of governments, usually, very sensitive to the unemployment evolution …
Persistent link: https://www.econbiz.de/10015267127
The conduct of the monetary policy could be view as a series of decisions in which the objectives and tools are chosen. This paper explores some aspects of the strategic decisions of the monetary policy such as the roles played by central banks and other public authorities, the main constraints...
Persistent link: https://www.econbiz.de/10015239563
In the last decades, the use of the exchange rates as nominal anchors to tie down the prices seemed to experience a decline. However, the exchange rates targeting could become a solution for some countries in dealing with the actual circumstances. In this paper we approach some key elements of...
Persistent link: https://www.econbiz.de/10015240216
The world financial market is an extremely complex system that involves many different participants from local banks to the central bank of each nation and the investors. Due to its importance on the global economy and our everyday lives it is vital that it is functioning properly....
Persistent link: https://www.econbiz.de/10008753267
Persistent link: https://www.econbiz.de/10008732252
This paper deals with the Balassa-Samuelson effect in Romania. Using the cointegration technique, the main conclusions of the paper are that in the period 1998-2006 the average annual rate of inflation generated by the Balassa-Samuelson effect in Romania was between 0.11% in 2005 and 0.9% in...
Persistent link: https://www.econbiz.de/10015219053