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Evaluation Of National Bank Of Romania Monetary Policy Credibility

Author

Listed:
  • Toader Valentin

    () (Babes -Bolyai University, Faculty of Business)

  • Rus Veronica

    () (Babes -Bolyai University, Faculty of Business)

Abstract

In this paper, using the models from the economic literature, the authors study the credibility level of National Bank of Romania (NRB) during the time span Mars 2007 - Mars 2008. We will use three types of credibility indexes - two from the economic literature and one proposed by the authors. Also, we will emphasize the impact of unpredictable shocks - the natural calamities (drought) which affected the aggregate supply in the summer of 2007 and the depreciation of RON against the euro - on the NBR credibility.

Suggested Citation

  • Toader Valentin & Rus Veronica, 2008. "Evaluation Of National Bank Of Romania Monetary Policy Credibility," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 2(1), pages 497-502, May.
  • Handle: RePEc:ora:journl:v:2:y:2008:i:1:p:497-502
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    File URL: http://steconomice.uoradea.ro/anale/volume/2008/v2-economy-and-business-administration/086.pdf
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    Cited by:

    1. Toader Valentin & Gut Carmen Maria & Vorzsak Magdalena, 2009. "Credibility And Transparency - Sources For The Improvement Of Macroeconomic Performances," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 2(1), pages 605-610, May.

    More about this item

    Keywords

    In this paper; using the models from the economic literature; the authors study the credibility level of National Bank of Romania (NRB) during the time span Mars 2007 - Mars 2008. We will use three types of credibility indexes - two from the economic lite;

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • A10 - General Economics and Teaching - - General Economics - - - General

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