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Monetary Aggregates - Instrument of the Policy Promoted by the National Bank of Romania

Coralia Emilia Popa ()
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Coralia Emilia Popa: University of Craiova, Romania

Annals of the University of Petrosani, Economics, 2012, vol. 12, issue 4, 211-218

Abstract: A summary analysis of the economic theory and practice indicates the fact that the attempts to establish and delimit the importance of the economic-financial last resorts to the effects produced in macro and micro-economy have not lead to infallible truth. The goal of these last resorts is to organize an economic system in difficulty, to try to minimize its imperfections and non-functionalities. The society development has brought along the need to improve these attempts, so that together with other administrative methods to produce viable and productive solutions for the economy progress. This paper aims at emphasizing the advantages of using monetary aggregates, as well as their limitations under the direct influence of monetary factors, considering that these indicators are commonly used in many models of monetary analysis, especially in Neo-Keynesian ones.

Keywords: monetary aggregates; monetary policy; NBR; monetary policy interest rate (search for similar items in EconPapers)
JEL-codes: E52 E43 (search for similar items in EconPapers)
Date: 2012
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Handle: RePEc:pet:annals:v:12:y:2012:i:4:p:211-218