DIRECT TARGETING OF INFLATION –THE MONETARY POLICY STRATEGY OF THE BNR

Violeta Elena Dragoi (), Larisa Elena Preda, Adelina Nicoleta Nicolescu and Andreea Mihaela Sirboiu
Additional contact information
Violeta Elena Dragoi: “Valahia” University of Targoviste, Romania
Larisa Elena Preda: “Valahia” University of Targoviste, Romania
Adelina Nicoleta Nicolescu: “Valahia” University of Targoviste, Romania
Andreea Mihaela Sirboiu: “Valahia” University of Targoviste, Romania

Contemporary Economy Journal, 2019, vol. 4, issue 1, 118-125

Abstract: The fundamental objective of the monetary policy of the NBR is to ensure and maintain the price stability. To achieve this goal, the NBR has approached as a monetary policy strategy the direct targeting of inflation, which has had a great influence on the macroeconomic variables of Romania. The paper aims to investigate the macroeconomic forecasting models used by the NBR and to what extent the monetary instruments applied by the NBR are close to the targeting of inflation.

Keywords: inflation; monetary policy; GDP; exchange rate (search for similar items in EconPapers)
JEL-codes: E52 (search for similar items in EconPapers)
Date: 2019
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.revec.ro/papers/190115.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:brc:brccej:v:4:y:2019:i:1:p:118-125

Access Statistics for this article

More articles in Contemporary Economy Journal from Constantin Brancoveanu University
Bibliographic data for series maintained by Cristina GANESCU ().