Evaluation of optimal monetary policy strategy in Romania in the context of fulfilment of convergence criteria
Monica Damian ()
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Monica Damian: “Alexandru Ioan Cuza” University, Romania
Romanian Journal of Economics, 2011, vol. 33, issue 2(42), 146-168
Abstract:
Adopting the euro currency implies the fulfilment of Maastricht convergence criteria, which implies a number of challenges for the macroeconomic policy mix, due to the existence of the conflict between them. The paper analyzes empirically the main monetary policy strategy in the context of euro in Romania.The results of the study show that inflation targeting is an optimal monetary policy strategy to achieve real and nominal convergence criteria.
Keywords: monetary policy strategy; euro; inflation; Maastricht criteria. (search for similar items in EconPapers)
JEL-codes: E31 E52 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ine:journl:v:2:y:2011:i:42:p:146-168
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