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...

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.

Romanian Abstract: Această lucrare abordează câteva din provocările recente ale ţintirii inflaţiei. Circumstanţele sunt diferite pentru ţările în curs de dezvoltare faţă de cele dezvoltate. În multe dintre ţările în curs de dezvoltare băncile centrale au adoptat ţintirea...

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...

A number of macroeconomic troubles led the Hungarian Government to the introduction of an adjustment program in July 2006.

Challenges triggered by the current economic and financial crisis are multiple. In the short term the main challenge is finding solutions that will restore investor confidence and long-term consumatorilor.Pe, the main challenge is to adjust the principles that guide the international financial...