Modeling the dynamic equilibrium under the policy of adjusting the interest rate and Taylor's rule of National Bank of Moldova (NBM)
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VÎNTU, Denis. Modeling the dynamic equilibrium under the policy of adjusting the interest rate and Taylor's rule of National Bank of Moldova (NBM). In: Knowledge Economy - Challenges of the 21 Century -: Europe in transition: the path to recovery and resilience, Ed. 9, 26 noiembrie 2021, Pitesti. Pitesti: 2021, p. 18.
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Knowledge Economy - Challenges of the 21 Century - 2021
Conferința "Knowledge Economy - Challenges of the 21 Century -"
9, Pitesti, Romania, 26 noiembrie 2021

Modeling the dynamic equilibrium under the policy of adjusting the interest rate and Taylor's rule of National Bank of Moldova (NBM)


Pag. 18-18

Vîntu Denis
 
Academy of Economic Studies of Moldova
 
 
Disponibil în IBN: 21 decembrie 2022


Rezumat

This article describe an IS-LM model in historical Timbergen persepctive. Each graphs tries to answer the main questions regarding the monetary policiry rule in the Republic of Moldova in the last three decades. The main model doesnt include Balance of PAyment and it should be consider a lack in perspecive of assymetric shoks and information assymetry. Also, the model doesn't responde if a Taylor rule is Pareto optimal for actual path of decision-making. In addition it should be consider that the model is partily a time-manner since of Rational Expectations equation is a not a constraint rather to be an inflation targeting, submodel as in the traiectory of the author's research goal. At the end, it could be relevant to describe the model framework in a New Keynesian approach. The two past a long time of COVID-19 suggestions determined the capitalist showcase economies of the world through repetitive periods of energetic patterns. At the begin of the show decade the development rate of genuine GDP per capita turned negative in all of the three biggest Eastern European Economies: Russia, Ukraine and Romania. We concludes that that various disarrays distinguishing with the course of action of techniques utilized by Money related Arrangement in a particular space of ponder money related factors and parameters can reexamine expected time-arrangement and/or instability in terms of demonstrate blunders.