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...

Romanian Abstract: Cu toate că Germania a continuat să reprezinte „locomotiva” economică ṣi ancora de stabilitate a UE, iar ca urmare a reformelor ambiṭioase întreprinse în ultimul deceniu, economia federală a demonstrat o deosebită rezistenṭă la efectele negative ale ultimelor...

The study has as its objectives, to determine the influence of price volatility and price expectation in the rate of inflation as a measure of the price level. In addition, the study sought to evaluate ipso facto the extent to which monetary policy has influenced inflation by reducing price...

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...