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Aspects and evolutions specific to monetary policy in Romania. A complex topical analysis

Author

Listed:
  • Günay ÖZCAN

    (Necmettin Erbakan University, Turkey
    Bucharest University of Economic Studies, Romania)

  • Alin Ioan CREŢU

    (Bucharest University of Economic Studies, Romania)

  • Laurențiu TEȘCAN

    (Bucharest University of Economic Studies, Romania)

Abstract

Proactive forward-looking monetary policy aims to anchor inflation expectations and temper volatility generated by economic developments. The purpose of this article was to make an assessment of the inflation targeting strategy in Romania through an analysis of the evolution of the inflation rate in Romania, correlated with the inflation target, the evolution of the monetary policy interest rate and the economic growth rate. I believe that this topic is important, as in the contemporary economy, achieving a low level of inflation creates a new economic climate, which reconsiders the relationship between price stability and financial stability. These aspects ensure the psychological and material “comfort” of the population, which is currently in a phase of misinformation.

Suggested Citation

  • Günay ÖZCAN & Alin Ioan CREŢU & Laurențiu TEȘCAN, 2020. "Aspects and evolutions specific to monetary policy in Romania. A complex topical analysis," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(624), A), pages 97-106, Autumn.
    • Handle: RePEc:agr:journl:v:3(624):y:2020:i:3(624):p:97-106
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    References listed on IDEAS

    as
    1. Frederic S. Mishkin, 2004. "Can Inflation Targeting Work in Emerging Market Countries?," NBER Working Papers 10646, National Bureau of Economic Research, Inc.
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