THE ROLE OF THE INFLATION EXPECTATIONS IN THE MONETARY POLICY PROMOTING

Victoria Cociug () and Olga Hinev
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Olga Hinev: Academy of Economic Studies, Chisinau, Republic of Moldova

Journal of Financial and Monetary Economics, 2017, vol. 4, issue 1, 108-112

Abstract: This article reviewed the defining aspects of the inflation expectations with their repercussions on the monetary policy efficiency, being considered in the current economy a decisive channel of the monetary policy transmission mechanism to the real economy. The accents were put on the typology and the determinants of inflation expectations in the context of their estimation methods. The practical research focused on the study of inflation expectations in the light of the international experience, as well as it has been formulated some reflections on the anchoring of inflation expectations in the Republic of Moldova on the nature of their compatibility with the domestic monetary policy. The analyses conducted confirm that the inflation expectations in the Republic of Moldova are considerably dependent on the transparency of the monetary policy promoted by the National Bank of Moldova, along with the National Bank of Moldova's commitment to ensuring the inflation target goal.

Keywords: inflation; monetary policy; central bank; inflation expectations (search for similar items in EconPapers)
JEL-codes: E31 E52 E58 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:4:y:2017:i:1:p:108-112

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