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Care sunt modelele şi politicile potrivite într-un context global cu inflaţie scăzută?

Author

Listed:
  • Minford Patrick

    (Cardiff University)

Abstract

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 led economists to believe in a high degree of nominal rigidity.

Suggested Citation

  • Minford Patrick, 2007. "Care sunt modelele şi politicile potrivite într-un context global cu inflaţie scăzută?," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 01, March.
    • Handle: RePEc:oen:econom:y:2007:i:01:id:35
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    More about this item

    Keywords

    monetary policy; inflation targeting; price level targeting;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications

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