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.

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...

Romanian Abstract: Uneori, pentru a înțelege procesele economice influențate semnificativ de factori psihologici, socio-culturali sau politici sunt necesare abordările comportamentale. Este cazul politicilor fiscale și monetare a căror eficacitate depinde de reacțiile indivizilor și...

The paper analyses the presuppositions (often implicit) the actual quantitative and logical modelling is based on. In the context, some points of view are proposed, aimed at to eliminate or reduce the incertitude and vagueness generated by the actual way of understanding the macroeconomic modelling.