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Direct Targeting Of Inflation –The Monetary Policy Strategy Of The Bnr

Author

Listed:
  • Violeta Elena DRAGOI

    (“Valahia” University of Targoviste, Romania)

  • Larisa Elena PREDA

    (“Valahia” University of Targoviste, Romania)

  • Adelina Nicoleta NICOLESCU

    (“Valahia” University of Targoviste, Romania)

  • Andreea Mihaela SIRBOIU

    (“Valahia” University of Targoviste, Romania)

Abstract

The fundamental objective of the monetary policy of the NBR is to ensure and maintain the price stability. To achieve this goal, the NBR has approached as a monetary policy strategy the direct targeting of inflation, which has had a great influence on the macroeconomic variables of Romania. The paper aims to investigate the macroeconomic forecasting models used by the NBR and to what extent the monetary instruments applied by the NBR are close to the targeting of inflation.

Suggested Citation

  • Violeta Elena DRAGOI & Larisa Elena PREDA & Adelina Nicoleta NICOLESCU & Andreea Mihaela SIRBOIU, 2019. "Direct Targeting Of Inflation –The Monetary Policy Strategy Of The Bnr," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 4(1), pages 118-125.
    • Handle: RePEc:brc:brccej:v:4:y:2019:i:1:p:118-125
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    More about this item

    Keywords

    inflation; monetary policy; GDP; exchange rate;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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