Conţinutul numărului revistei |
Articolul precedent |
Articolul urmator |
![]() |
![]() ![]() |
![]() CUHAL, Radu, STARIŢÎNA, Ludmila, BASISTÎI, Nicolae. Monetary policy regimes: functional framework and implications. In: Journal of Financial and Monetary Economics, 2014, nr. 1, pp. 92-100. ISSN 2537-3269. |
EXPORT metadate: Google Scholar Crossref CERIF DataCite Dublin Core |
Journal of Financial and Monetary Economics | ||||||
Numărul 1 / 2014 / ISSN 2537-3269 /ISSNe 2392-9685 | ||||||
|
||||||
JEL: E31, E52, E58 | ||||||
Pag. 92-100 | ||||||
|
||||||
![]() |
||||||
Rezumat | ||||||
The contribution of this paper is the delineation of the concept of the “monetary regime”, which implies specification of a numerical target that commits the central bank to achieve the primary goal of the monetary policy. We considered that the monetary policy regimes represent an attempt to develop a proper framework of the monetary reaction function based on the different theoretical approaches of monetary transmission channels, from the practical point of view (Barro R., 1995; McCallum B., et al. 1999). The dynamics of the targeted indicator may serve also as an early shock indicator and provide a better foundation for policy-makers decisions. In this paper we propose to investigate the fundamental basis of different monetary policy regimes, a greater emphasis being put on the functional mechanism of each regime and its effects |
||||||
Cuvinte-cheie Central Bank, monetary policy regimes, inflation targeting, monetary transmission channels |
||||||
|