MONETARY POLICY OF ROMANIA: A CRITICAL REVIEW

R. Malar Kumaran, and Alexandru Mircea Nedelea
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R. Malar Kumaran,: New Generation University College, Ethiopia
Alexandru Mircea Nedelea: Stefan cel Mare University of Suceava, Romania

EcoForum, 2017, vol. 6, issue 2, 24

Abstract: The monetary policy is the backbone of economic system. It is equally important instrument of regulating inflation with or without inflation target. Romania has rightfully adopted to price stability despite the fact that European Union and European Commercial Bank preferred price stability. JM Keynes in his General theory suggested that the monetary policy would be associated with interest rates for credit expansion and contraction for employment and growth. John B Taylor and other economists have opted for other measures including sacrifice of economic growth for inflation targets. The policy mix does play important role in this regard among other options. There are different views on price stability and financial stability while deciding the monetary policy options.

Keywords: Monetary Policy: Financial Statistics; Interest Rates; Central Bank; ECB (search for similar items in EconPapers)
Date: 2017
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