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as the ultimate policy goal. The converging countries act as "takers" of inflation target, in this case, the eurozone …
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between Romania and the Eurozone cannot be rejected, despite the rapid disinflation at the beginning of the sample. …
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In this paper, it is argued that money supply in a narrow sense and repo interest rate are two independent monetary policy instruments when the effect of interest rate policy cannot be efficiently transmitted to the economy through the monetary and financial markets. In this case, the control of...
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