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Monetary Conditions and GDP Evolution in Romania [Condiţiile monetare şi evoluţia PIB în România]

Author

Listed:
  • Olteanu Dan

    (Academia Română)

Abstract

We study the evolutions of monetary conditions in Romania previous and during the recession, and the extent to which GDP shocks are related to these conditions. The results confirmed the essential role of interest rate, credit and exchange rate in this respect, fact which underlines the importance of the monetary policy measures in stimulating the domestic / external demand.

Suggested Citation

  • Olteanu Dan, 2013. "Monetary Conditions and GDP Evolution in Romania [Condiţiile monetare şi evoluţia PIB în România]," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 02, June.
    • Handle: RePEc:oen:econom:y:2013:i:02:id:358
    as

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    More about this item

    Keywords

    monetary conditions index; GDP growth; macro-financial linkages;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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