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...

This paper analyses the justifications and stages of the elaboration of impact studies at the European level, focusing on the various working methods, be it „impact matrix” or the „logic of intervention”, which may be adopted by law-makers, in order to improve the regulation mechanisms...