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Monetary Policy Of Romania: A Critical Review

Author

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  • R. Malar KUMARAN,

    (New Generation University College, Ethiopia)

  • Alexandru Mircea NEDELEA

    (Stefan cel Mare University of Suceava, Romania)

Abstract

The monetary policy is the backbone of economic system. It is equally important instrument of regulating inflation with or without inflation target. Romania has rightfully adopted to price stability despite the fact that European Union and European Commercial Bank preferred price stability. JM Keynes in his General theory suggested that the monetary policy would be associated with interest rates for credit expansion and contraction for employment and growth. John B Taylor and other economists have opted for other measures including sacrifice of economic growth for inflation targets. The policy mix does play important role in this regard among other options. There are different views on price stability and financial stability while deciding the monetary policy options.

Suggested Citation

  • R. Malar KUMARAN, & Alexandru Mircea NEDELEA, 2017. "Monetary Policy Of Romania: A Critical Review," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 6(2), pages 1-24, July.
    • Handle: RePEc:scm:ecofrm:v:6:y:2017:i:2:p:24
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    File URL: http://ecoforumjournal.ro/index.php/eco/article/view/626/394
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    References listed on IDEAS

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    1. Acocella, Nicola & Di Bartolomeo, Giovanni, 2004. "Non-neutrality of monetary policy in policy games," European Journal of Political Economy, Elsevier, vol. 20(3), pages 695-707, September.
    2. Mera Valentina & Pop Silaghi Monica, 2015. "An Insight Regarding Economic Growth and Monetary Policy in Romania," Scientific Annals of Economics and Business, Sciendo, vol. 62(s1), pages 85-95, October.
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