Theoretical and Applied Economics
No. 12 / 2010 (553)
Monetary Policy Approaches Taking into Consideration the Current Economic Context
Bucharest Academy of Economic Studies
Alexandra ADAM
Bucharest Academy of Economic Studies
Abstract. Questions of interest among monetary policy makers involves the identification and analysis of various relationships between macroeconomic variables. To analyze these variables and their interrelations it is necessary to build a macroeconomic model which is based on a vector autoregressive, and in which exogenous shocks have impact on the study variables. How exogenous variables affect the variables of interest represent the transmission mechanisms. Estimates of the transmission mechanism has been considered traditionally, one of the major objectives of many macroeconomic studies. Such empirical researchers have obtained two major conclusions: first, that the transmission mechanism varies over time and the second is that the exogenous shocks change over time. Modeling these variables can intercept all these variations? The conclusions of these models are sufficient for monetary policy makers?
Contents
Multidisciplinarity, Interdisciplinarity and Transdisciplinarity: Theoretical Approaches and Implications for the Strategy of Post-Crisis Sustainable Development
Experiences of the Large Fiscal Adjustments in EU. Romania’s Case
Redefining Economic Policy and Institutional Reform – Support for Economic Growth
Reputation and Market Wage as Contract Enforcement Device: An Experimental Evidence
Analysis of the Connections between EU Economic Growth and the Lisbon Strategy
The Spread of Economic Ideas among Romanian People. Case Study: Dionisie Pop Marţian
Monetary Policy Approaches Taking into Consideration the Current Economic Context
Behavioral Motivations of Gender Discrimination on the Labor Market in Romania