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Premises for monetary policies redirecting towards objectives other than just supporting price stability

Alina Georgeta Ailinca ()
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Alina Georgeta Ailinca: Centre for Financial and Monetary Research “Victor Slãvescu” of “Costin C. Kiriþescu”, National Institute for Economic Research, Romanian Academy

Social-Economic Debates, 2017, vol. 6, issue 1, 25-33

Abstract: The monetary policy is considered worldwide to be among the most balanced macroeconomic policies by the good management of the specific risks. The problems that arise, however, show that its role and objectives are not always in agreement with the contemporary economic evolutions, or with the future challenges that they will have to cope with. The article aims to debate the role of the monetary policies of the main central banks worldwide and the necessity of redirecting them towards some other objectives besides price stability, as well as the need for a better correlation of the role and objectives of the central banks with the instruments they use.

Keywords: Financial stability; monetary policy; economic growth (search for similar items in EconPapers)
JEL-codes: E52 E61 E65 (search for similar items in EconPapers)
Date: 2017
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