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Provocările politicii monetare
[Monetary policy challenges]

Author Info

  • Dumitriu, Ramona
  • Stefanescu, Razvan

Abstract

During the last decades, the monetary policy had to face significant changes caused by various processes. This paper explores the challenges induced by the recent global crisis to the central banks policies. We approach some possible solutions to the dramatic consequences of the crisis: the abandon of the monetarism and the return to Keynesian principles, orientation towards the full employment in detriment of the prices stability, a more intense coordination between fiscal and monetary policies and new regulations to prevent the banks involvement in asset price bubbles.

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File URL: https://mpra.ub.uni-muenchen.de/50261/1/MPRA_paper_50261.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 50261.

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Date of creation: 28 Sep 2013
Date of revision: 28 Sep 2013
Handle: RePEc:pra:mprapa:50261
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Keywords: Monetary Policy; Global Crisis; Coordination between Policies; Macroeconomics Objectives;

Find related papers by JEL classification:

  • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
  • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
  • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

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