SOME PARTICULARITIES OF THE MONETARY TRANSMISSION CHANNELS IN ROMANIA
SOME PARTICULARITIES OF THE MONETARY TRANSMISSION CHANNELS IN ROMANIA
Author(s): Răzvan Ştefănescu, Ramona Dumitru, Cornel NistorSubject(s): Economy
Published by: Universitatea Nicolae Titulescu
Keywords: Monetary Policy; Transmission Mechanism; VAR Analysis; Inflation Targeting; Transition Countries
Summary/Abstract: In the last decade the monetary policy from Romania was deeply changed. The inflation decreased considerably in comparison with the 1990s. From a few years National Bank of Romania adopted the inflation targeting strategy that implied a careful use of the monetary instruments. The success of the Central Bank depends greatly on understanding the monetary transmission mechanism. Using the VAR methodology, we analyze in this article the particularities of the monetary transmission mechanism in Romania.
Journal: LESIJ - Lex ET Scientia International Journal
- Issue Year: XVI/2009
- Issue No: 1
- Page Range: 346-354
- Page Count: 9
- Language: English
