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Monetary Policy Transmission Mechanism In Romania - A Var Approach

Author

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  • Marius Alin Andries

    („Alexandru Ioan Cuza” University, Iasi)

Abstract

From the central bank’s point of view, the transmission of monetary policy to the economy is of distinguished interest among various topics of macroeconomics. Without being aware of the monetary transmission mechanism it is not possible to conduct good policy. This paper applies the identified VAR methodology to synthetic national data from 2000 till Q2 2007 to study the macro-economic effects of an unexpected change in monetary policy in Romania.

Suggested Citation

  • Marius Alin Andries, 2008. "Monetary Policy Transmission Mechanism In Romania - A Var Approach," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 11(11(528)(s), pages 250-260, November.
    • Handle: RePEc:agr:journl:v:11(528)(supplement):y:2008:i:11(528)(supplement):p:250-260
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    Cited by:

    1. Tomas Havranek & Marek Rusnak, 2013. "Transmission Lags of Monetary Policy: A Meta-Analysis," International Journal of Central Banking, International Journal of Central Banking, vol. 9(4), pages 39-76, December.
    2. Bogdan CAPRARU & Norel Ionut MOISE & Andrei RADULESCU, 2015. "The Monetary Policy Of The National Bank Of Romania In The Inflation Targeting Era. A Taylor Rule Approach," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 16, pages 91-102, December.

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