Tintirea directa a inflatiei in Romania – provocari si perspective
[Inflation targeting in Romania - challenges and perspectives]
Using the most important criteria that should be taken into account when a monetary policy strategy is changed, this paper assess the opportunity of changing the status quo of the monetary policy in Romania with the inflation targeting monetary policy framework in 2005. The paper identifies the challenges of the direct inflation targeting implementation in Romania and analyzes the future of this strategy in the medium and long-run perspective. Regarding the perspectives of inflation targeting in Romania, this paper emphasizes the fact that the strategy would be maintained according to NBR strategy at least till ERM2 entry. The paper concludes also that after the Romania’s EU entry and ERM2 participation, a strict inflation targeting framework will not be appropriate anymore. A more flexible inflation targeting, allowing for exchange rate stability would be more appropriate.
|Date of creation:||2006|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Lars E.O. Svensson, 2004. "Targeting Rules vs. Instrument Rules for Monetary Policy: What is Wrong with McCallum and Nelson?," NBER Working Papers 10747, National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:10570. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.