IDEAS home Printed from https://ideas.repec.org/a/rjr/romjef/vy2000i3p69-74.html
   My bibliography  Save this article

Monetary Conditions Index In Romania. Some Considerations

Author

Listed:
  • Pelinescu, Elena

    (Institute for Economic Forecasting, Romanian Academy, Bucharest)

  • Slavoiu, Ovidiu

    (National Bank of Romania, Bucharest)

  • Salater, Wilhelm

    (National Bank of Romania, Bucharest)

  • Sasu, Dana

    (National Bank of Romania, Bucharest)

Abstract

Romania may take into consideration the construction of a Monetary Conditions Index (MCI) as an indicator of the degree of tightening or easing in monetary policy. The authors raise the question whether the current development stage of financial markets and the progress in designing and implementing monetary policy set the framework needed for an effective use of MCI. Empirical analyses show that the exchange rate and M2 are the variables that fulfil the minimal requirements for their inclusion in the MCI.

Suggested Citation

  • Pelinescu, Elena & Slavoiu, Ovidiu & Salater, Wilhelm & Sasu, Dana, 2000. "Monetary Conditions Index In Romania. Some Considerations," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 69-74, December.
    • Handle: RePEc:rjr:romjef:v::y:2000:i:3:p:69-74
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Keywords

    Monetary Conditions Index; monetary policy; exchange rate; M2;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rjr:romjef:v::y:2000:i:3:p:69-74. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Corina Saman (email available below). General contact details of provider: https://edirc.repec.org/data/ipacaro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.