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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.
Persistent link: https://www.econbiz.de/10008464218
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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The inflation phenomenology offers to the author the occasion to perform a theoretical, i.e. an abstract analyze, that …
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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 volatility and expectation towards zero. The study applied the maximum … likelihood estimator in addition to the GARCH (p, q model) to estimate the steady state model of inflation. As a measure of …
Persistent link: https://www.econbiz.de/10008459912
The premise from which we start is that the main cause of economic crises is the constant attempt to create, what Georgescu-Roegen called, "entropy of contraband." The phrase refers to a fictional creation of an energy that does not exist. To prove this we describe the major crises that have hit...
Persistent link: https://www.econbiz.de/10015228626
Romanian Abstract: Un fenomen cu un impact puternic asupra pieţelor petroliere internaţionale l-aconstituit declinul sever al preţurilor principalelor ţiţeiuri de referinţă din comerţul internaţional(Brent şi WTI), de la 105,7 $/baril, în iunie 2014, la 36 $/baril, în decembrie...
Persistent link: https://www.econbiz.de/10012992120
The first part of the paper assesses the impact of asymmetric shocks on inflation in two new members states of the euro … indicates a higher probability of asymmetric shocks and thus lead to differences in inflation to the euro area, differences that …
Persistent link: https://www.econbiz.de/10015229557
paper assess the opportunity of changing the status quo of the monetary policy in Romania with the inflation targeting … monetary policy framework in 2005. The paper identifies the challenges of the direct inflation targeting implementation in … inflation targeting in Romania, this paper emphasizes the fact that the strategy would be maintained according to NBR strategy …
Persistent link: https://www.econbiz.de/10015232698