MODELING THE DYNAMIC EQUILIBRIUM UNDER THE POLICY OF ADJUSTING THE INTEREST RATE AND TAYLOR'S RULE OF NATIONAL BANK OF MOLDOVA (NBM)

Denis Vîntu

Management Strategies Journal, 2022, vol. 55, issue 1, 171-194

Abstract: This article describe an IS-LM model in historical Timbergen persepctive. Each graphs tries to answer the main questions regarding the monetary policiry rule in the Republic of Moldova in the last three decades. The main model doesnt include Balance of PAyment and it should be consider a lack in perspecive of assymetric shoks and information assymetry. Also, the model doesn't responde if a Taylor rule is Pareto optimal for actual path of decision-making. In addition it should be consider that the model is partily a time-manner since of Rational Expectations equation is a not a constraint rather to be an inflation targeting, submodel as in the traiectory of the author's research goal. At the end, it could be relevant to describe the model framework in a New Keynesian approach. The two past a long time of COVID-19 suggestions determined the capitalist showcase economies of the world through repetitive periods of energetic patterns. At the begin of the show decade the development rate of genuine GDP per capita turned negative in all of the three biggest Eastern European Economies: Russia, Ukraine and Romania. We concludes that that various disarrays distinguishing with the course of action of techniques utilized by Money related Arrangement in a particular space of ponder money related factors and parameters can reexamine expected time-arrangement and/or instability in terms of demonstrate blunders

Keywords: IS-LM model; dynamic general equilibrium (DGE); Monetary Policy, Policy Design and Consistency; discrete regression; prices; econometric methods (search for similar items in EconPapers)
JEL-codes: C13 E21 E41 E44 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:brc:journl:v:55:y:2022:i:1:p:171-194

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