 AUTOMATIC MONETARY STABILIZERS – A SOLUTION FOR A BETTER MONETARY POLICY AND ECONOMY FUNCTIONINGJournal of Financial and Monetary Economics, 2015, vol. 2, issue 1, 47-58 Abstract: As we know, the opposite of the current that support a strong discretionary action of the state is the current that completely excludes the intervention of the state in the economy. In addition to these, there is the current which claims the use of more “light” tools in the management of macroeconomic policies and the economy in general. In order to compensate for the fluctuations in business cycles and even the emergence of some unexpected shocks or imbalances in the economy, in the macroeconomic policies framework, among other things, automatic stabilizers have been proposed to be used. The role and their’s operation it was widely discussed especially regarding the fiscal and social sphere as: progressive taxes, transfers, social benefits etc. Thus, this article aims to identify and explain the operation of monetary (and foreign exchange) automatic stabilizers, while trying to provide also for the Romanian monetary policy some benchmarks in order to act in this regard. Keywords: automatic monetary stabilizers; business cycle; monetary policy; output fluctuation (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:2:y:2015:i:1:p:47-58 Access Statistics for this article More articles in Journal of Financial and Monetary Economics from Centre of Financial and Monetary Research "Victor Slavescu" Contact information at EDIRC. |
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