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Inflation Control Under The Conditions Of A Central Bank Which Is Not Independent

Author

Listed:
  • Angelica Băcescu-Cărbunaru

    (Bucharest Academy of Economic Studies)

  • Silvia-Elena Cristache

    (Bucharest Academy of Economic Studies)

Abstract

Starting with the idea that the main monetary problem of a country is to assure national monetary stability and price stability, it is analyzed the possibility to control inflation under the conditions of a central bank which is not independent. It is a distinction between independence of tools and independence of central bank purposes because monetary policy purposes are set up by the legislative, while tools necessary to reach these purposes represent an attribute of Central Bank. Finally, we conclude that central bank own decisions influence both the government behavior and private sector behavior.

Suggested Citation

  • Angelica Băcescu-Cărbunaru & Silvia-Elena Cristache, 2009. "Inflation Control Under The Conditions Of A Central Bank Which Is Not Independent," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 12(12(541)(s), pages 262-265, December.
    • Handle: RePEc:agr:journl:v:12(541)(supplement):y:2009:i:12(541)(supplement):p:262-265
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