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: 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...