CONSIDERATIONS REGARDING THE CONCEPT OF MONETARY POLICY

Monica-Ionelia Mărgărit
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Monica-Ionelia Mărgărit: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2019, vol. 1, issue 47, 71-78

Abstract: This paper aims to make a conceptual analysis of the monetary policy notion by reviewing the literature regarding the concept of monetary policy, as well as, by highlighting the way in which monetary policy opinions have changed in time. Further, we presented the transmission mechanism of monetary policy together with the most important channels through which central banks, by using various monetary policy instruments, can affect the dynamics of aggregate demand and prices in the economy. The paper ends by reviewing the main objectives of central banks and their evolution in time.

Keywords: monetary policy; central banks; inflation targeting; monetary targeting (search for similar items in EconPapers)
JEL-codes: E52 E58 E59 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2019:i:47:p:71-78

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