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Monetary policy should be guided by macroeconomic models with limited nominal rigidity – ‘New Classical’ or even for some issues just plain Classical (i.e. with no nominal rigidity at all) models are perfectly adequate for understanding various aspects of the economy that have previously...
Persistent link: https://www.econbiz.de/10008464243
The purpose of the paper is to present an efficient instrument for simulation and research of inflation and its determinants in Romania, with a focus on the short-term impact of changes in money, foreign exchange and wage policies and controlled prices as well as the impact of external shocks as...
Persistent link: https://www.econbiz.de/10008464172
This paper explores some recent challenges for the inflation targeting. The circumstances are different for the emerging market countries and for the industrialized ones. In many emerging market countries the central banks adopted more or less formally the inflation targeting, in order to gain...
Persistent link: https://www.econbiz.de/10015240624
Any decision is eventually the product of a procedure which requires assembling a multitude of primary information, passed through reiterative processes both of organisation and of analysis. The procedures also regard “pushing” these transformed/processed towards preparatory levels only to...
Persistent link: https://www.econbiz.de/10005755340
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
Romanian Abstract: Această lucrare abordează câteva din provocările recente ale ţintirii inflaţiei. Circumstanţele sunt diferite pentru ţările în curs de dezvoltare faţă de cele dezvoltate. În multe dintre ţările în curs de dezvoltare băncile centrale au adoptat ţintirea...
Persistent link: https://www.econbiz.de/10013060996
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
Romanian Abstract: Un fenomen cu un impact puternic asupra pieţelor petroliere internaţionale l-aconstituit declinul sever al preţurilor principalelor ţiţeiuri de referinţă din comerţul internaţional(Brent şi WTI), de la 105,7 $/baril, în iunie 2014, la 36 $/baril, în decembrie...
Persistent link: https://www.econbiz.de/10012992120
Romania and the euro zone from the perspective of European Monetary Union (EMU) integration. Despite the fact that the euro … and the euro zone, on the importance of the idiosyncratic shocks for the Romanian macroeconomic fluctuations, on the … convergence of the Romanian business cycle with that of the euro zone, however, with regard to structural convergence, the …
Persistent link: https://www.econbiz.de/10015227107
market as a frame of a political construction, and euro as a decisive tool for the purpose of the United Europe. For the …
Persistent link: https://www.econbiz.de/10005099752