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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.
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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...
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Romanian Abstract: Coordonarea politicilor economice ȋn cadrul Uniunii Europene a devenit un aspect necesar, care ȋnsă trebuie să nu afecteze suvernanitatea fiecărui stat membru şi nici capacitatea acestuia de furnizare a unui cadru propice de dezvoltare. Ȋn timp ce la nivelul...
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A number of macroeconomic troubles led the Hungarian Government to the introduction of an adjustment program in July 2006.
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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
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