CENTRAL BANK’S COMMUNICATION –A NEW REGIME INFLATION TARGETING CHALLANGE (THE CASE OF REPUBLIC OF MOLDOVA)

Victoria Cociug and Olga Hinev
Additional contact information
Victoria Cociug: National Institute for Economic Research Republic of Moldova, Chisinau, Republic of Moldova
Olga Hinev: Academy of Economic Studies of Moldova, Chisinau, Republic of Moldova

Journal of Financial and Monetary Economics, 2016, vol. 3, issue 1, 67-71

Abstract: In this article, we try to examine the definitive aspects of a transparent frame and credible capable to ensure anchoring inflation expectation, case that actually most central banks with inflation targeting regime have gambled. Making reference to Republic of Moldova, we can mention that from the moment of obtaining independence, Republic of Moldova has faced with the problem of high inflation, the cause that got milder once the national banking system reoriented of the inflation targeting strategy. The implementation of inflation targeted strategy has imposed a lot of challenges in the perimeter of National Bank of Moldova communication politics, because the success of this strategy is caused by the anchoring inflation expectations and therefore the credibility of institution. Starting with the other central bank‘s experience, we come with the remedies for improving the communication of National Bank of Moldova in order to achieve the inflation target.

Keywords: inflation targeted system; communication; monetary policy; inflation expectations (search for similar items in EconPapers)
JEL-codes: E31 E52 E58 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.icfm.ro/RePEc/vls/vls_pdf_jfme/vol3i1p67-71.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:3:y:2016:i:1:p:67-71

Access Statistics for this article

More articles in Journal of Financial and Monetary Economics from Centre of Financial and Monetary Research "Victor Slavescu" Contact information at EDIRC.
Bibliographic data for series maintained by Daniel Mateescu ().