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The monetary policy decision, as any other decision, is the product of a procedure assembling a lot of primary information, but also what type of other ingredients contribute finally to a certain monetary policy decision.
Persistent link: https://www.econbiz.de/10008464218
The first part of the paper assesses the impact of asymmetric shocks on inflation in two new members states of the euro … indicates a higher probability of asymmetric shocks and thus lead to differences in inflation to the euro area, differences that …
Persistent link: https://www.econbiz.de/10015229557
paper assess the opportunity of changing the status quo of the monetary policy in Romania with the inflation targeting … monetary policy framework in 2005. The paper identifies the challenges of the direct inflation targeting implementation in … inflation targeting in Romania, this paper emphasizes the fact that the strategy would be maintained according to NBR strategy …
Persistent link: https://www.econbiz.de/10015232698
This paper explores some recent challenges for the inflation targeting. The circumstances are different for the … less formally the inflation targeting, in order to gain appreciation from the international financial institutions. Most of … these central banks announced the applying of a flexible inflation targeting which could mask the time-inconsistent monetary …
Persistent link: https://www.econbiz.de/10015240624
Any decision is eventually the product of a procedure which requires assembling a multitude of primary information, passed through reiterative processes both of organisation and of analysis. The procedures also regard “pushing” these transformed/processed towards preparatory levels only to...
Persistent link: https://www.econbiz.de/10005755340
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
English Abstract: This paper explores some recent challenges for the inflation targeting. The circumstances are … adopted more or less formally the inflation targeting, in order to gain appreciation from the international financial … institutions. Most of these central banks announced the applying of a flexible inflation targeting which could mask the time …
Persistent link: https://www.econbiz.de/10013060996
The inflation phenomenology offers to the author the occasion to perform a theoretical, i.e. an abstract analyze, that …
Persistent link: https://www.econbiz.de/10008464157
The purpose of the paper is to present an efficient instrument for simulation and research of inflation and its … controlled prices as well as the impact of external shocks as international price of oil on future inflation in Romania. …
Persistent link: https://www.econbiz.de/10008464172
of the paper are that in the period 1998-2006 the average annual rate of inflation generated by the Balassa … extended model, which is considered more appropriate by us, the impact on inflation is higher and ranges between 0.69% in 2005 …
Persistent link: https://www.econbiz.de/10015219053