Impactul politicii monetare asupra economiei
THE IMPACT OF MONETARY POLICY ON ECONOMY

Summary/Abstract: Monetary policy represents one of the most powerful instruments of economic policy, via which economy is acted upon. The transmission mechanism is precisely the process via which monetary policy decisions move economy as a whole. From the central bank’s point of view, the transmission of monetary policy to the economy is of distinguished interest among various topics of macroeconomics. Without being aware of the monetary transmission mechanism it is not possible to conduct good policy. This paper applies the identified VAR methodology to synthetic national data from 2000 till Q2 2007 to study the macro-economic effects of an unexpected change in monetary policy in Romania.

• Details
• Contents