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MONETARY POLICY OF ROMANIA: A CRITICAL REVIEW

R. Malar Kumaran ; Alexandru Mircea Nedelea

Ecoforum, 01 May 2017, Vol.6(2) [Peer Reviewed Journal]

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  • Title:
    MONETARY POLICY OF ROMANIA: A CRITICAL REVIEW
  • Author/Creator: R. Malar Kumaran ; Alexandru Mircea Nedelea
  • Language: English
  • Subjects: Monetary Policy: Financial Statistics ; Interest Rates ; Central Bank ; Ecb ; Economics
  • Is Part Of: Ecoforum, 01 May 2017, Vol.6(2)
  • Description: The monetary policy is the backbone of economic system. It is equally important instrument of regulating inflation with or without inflation target. Romania has rightfully adopted to price stability despite the fact that European Union and European Commercial Bank preferred price stability. JM Keynes in his General theory suggested that the monetary policy would be associated with interest rates for credit expansion and contraction for employment and growth. John B Taylor and other economists have opted for other measures including sacrifice of economic growth for inflation targets. The policy mix does play important role in this regard among other options. There are different views on price stability and financial stability while deciding the monetary policy options.
  • Identifier: ISSN: 1584-9066 ; E-ISSN: 2344-2174