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Persistent link: https://www.econbiz.de/10003936596
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Monetary policy should be guided by macroeconomic models with limited nominal rigidity – ‘New Classical’ or even for some issues just plain Classical (i.e. with no nominal rigidity at all) models are perfectly adequate for understanding various aspects of the economy that have previously...
Persistent link: https://www.econbiz.de/10008464243
The growth of connections between national economies has generated a consolidation of foreign currency activities, requiring a continuous adjusting regime, both for the foreign currency policy and for the exchange rate to the market mechanisms. In Romania, there have been frequent alterations of...
Persistent link: https://www.econbiz.de/10008497093
This paper evaluates the trade-off between output volatility and the variability of the inflation rate around its target (Romanian case). The optimal choice for National Bank of Romania (NBR), in our opinion, is the flexible inflation targeting. For this purpose, NBR must explain the loss...
Persistent link: https://www.econbiz.de/10005581547
The paper present travel impressions in Brasil
Persistent link: https://www.econbiz.de/10008495417
Brazil owns an economy directed towards the free market and the export and nowadays it is on the 9th place in the world … PIB. The manpower owned by Brazil is around 95 million (from a total population of about 195 million inhabitants) shared … development of Brazil, this country is very attractive for the foreign investors, the average being somewhere around 2- billion …
Persistent link: https://www.econbiz.de/10008773550