A Statement of the Reaching Inflation Target upon Price Stability in Romania

Larisa Preda (), Elena Violeta Dragoi () and Lucretia Mariana Constantinescu
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Larisa Preda: Valahia University of Targoviste, Romania
Elena Violeta Dragoi: Valahia University of Targoviste, Romania

Economics and Applied Informatics, 2015, issue 2, 34-41

Abstract: Price stability contributes to financial stability because it eliminates the market distortions and uncertainties which may occur at the markets’ level as a result of the price instability. Price stability can reduce the level of risk premiums in interest rates because it lowers the degree of uncertainty that is associated with future inflation.

Keywords: Monetary policy; Price stability; Inflation; Interest rate; Productivity (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2015:i:2:p:34-41

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