NBR'S MONETARY POLICY AND ITS IMPLICATIONS ON ECONOMIC GROWTH

Dragoi Elena Violeta () and Ilie Oana-Mihaela ()
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Dragoi Elena Violeta: Department of Finance – Accounting, Valahia University of Târgovisite, Romania
Ilie Oana-Mihaela: Valahia University of Târgovisite, Romania

Management Strategies Journal, 2016, vol. 34, issue 4, 115-123

Abstract: The study was developed to show the interaction between economic growth and monetary policy implemented by NBR to assess its impact on the main macroeconomic variables (GDP, exchange rate, inflation rate), through the influence of monetary authority decisions on economic and financial conjuncture. Global economic climate facing at the moment with a process of which covers all areas, but especially the aspects that fall under the influence of central banks and monetary policy conducted by them. In this context, the present study aims to determine the optimal degree of monetary authorities to engage in the economy, focusing on this issue for a thorough study of the transmission mechanism of monetary policy and the complex processes of transit effects resulting from monetary policy decisions to macroeconomic variables involved. Studying the optimal monetary policy of the NBR to achieve final objectives becomes even more important as its in-depth understanding can provide vital clues in responding, because, after all, matters primarily the effects of monetary policy decisions (or their absence), and the link between that decision and the final economic reality is given precisely the structure and functioning of the transmission mechanism.

Keywords: inflation; monetary policy; GDP; interest rate; minimum reserve requirement (search for similar items in EconPapers)
JEL-codes: E52 E58 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:brc:journl:v:34:y:2016:i:4:p:115-123

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