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Premises for monetary policies redirecting towards objectives other than just supporting price stability

Author

Listed:
  • Alina Georgeta Ailinca

    () (Centre for Financial and Monetary Research “Victor Slãvescu” of “Costin C. Kiriþescu”, National Institute for Economic Research, Romanian Academy)

Abstract

The monetary policy is considered worldwide to be among the most balanced macroeconomic policies by the good management of the specific risks. The problems that arise, however, show that its role and objectives are not always in agreement with the contemporary economic evolutions, or with the future challenges that they will have to cope with. The article aims to debate the role of the monetary policies of the main central banks worldwide and the necessity of redirecting them towards some other objectives besides price stability, as well as the need for a better correlation of the role and objectives of the central banks with the instruments they use.

Suggested Citation

  • Alina Georgeta Ailinca, 2017. "Premises for monetary policies redirecting towards objectives other than just supporting price stability," Social-Economic Debates, Association for Entreprenorial Spirit Promotion, vol. 6(1), pages 25-33, April.
  • Handle: RePEc:sdb:social:v:6:y:2017:i:1:p:25-33
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    References listed on IDEAS

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    1. Stanley Fischer, 1995. "Modern Approaches to Central Banking," NBER Working Papers 5064, National Bureau of Economic Research, Inc.
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    More about this item

    Keywords

    Financial stability; monetary policy; economic growth;

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes

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