Monetary Conditions and GDP Evolution in Romania [Condiţiile monetare şi evoluţia PIB în România]

Dan Olteanu

Revista OEconomica, 2013, issue 02

Abstract: We study the evolutions of monetary conditions in Romania previous and during the recession, and the extent to which GDP shocks are related to these conditions. The results confirmed the essential role of interest rate, credit and exchange rate in this respect, fact which underlines the importance of the monetary policy measures in stimulating the domestic / external demand.

Keywords: monetary conditions index; GDP growth; macro-financial linkages (search for similar items in EconPapers)
JEL-codes: E32 E44 E52 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:oen:econom:y:2013:i:02:id:358

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