Aspects and evolutions specific to monetary policy in Romania. A complex topical analysis

Günay Özcan, Alin Ioan Creţu and Laurențiu Teșcan
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Günay Özcan: Necmettin Erbakan University, Turkey
Alin Ioan Creţu: Bucharest University of Economic Studies, Romania
Laurențiu Teșcan: Bucharest University of Economic Studies, Romania

Theoretical and Applied Economics, 2020, vol. XXVII, issue 3(624), Autumn, 97-106

Abstract: Proactive forward-looking monetary policy aims to anchor inflation expectations and temper volatility generated by economic developments. The purpose of this article was to make an assessment of the inflation targeting strategy in Romania through an analysis of the evolution of the inflation rate in Romania, correlated with the inflation target, the evolution of the monetary policy interest rate and the economic growth rate. I believe that this topic is important, as in the contemporary economy, achieving a low level of inflation creates a new economic climate, which reconsiders the relationship between price stability and financial stability. These aspects ensure the psychological and material “comfort” of the population, which is currently in a phase of misinformation.

Keywords: monetary policy strategy; monetary policy interest rate; inflation rate; inflation target; economic growth rate. (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:3(624):y:2020:i:3(624):p:97-106

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