Theoretical and Applied Economics
No. 8 / 2012 (573)
Central Bank independence
Vasile DEDU
Bucharest Academy of Economic Studies
Tiberiu STOICA
Bucharest Academy of Economic Studies
Bucharest Academy of Economic Studies
Tiberiu STOICA
Bucharest Academy of Economic Studies
Abstract. In this paper we present the key aspects regarding central bank’s independence. Most economists consider that the factor which positively influences the efficiency of monetary policy measures is the high independence of the central bank. We determined that the National Bank of Romania (NBR) has a high degree of independence. NBR has both goal and instrument independence. We also consider that the hike of NBR’s independence played an important role in the significant disinflation process, as headline inflation dropped inside the targeted band of 3% ± 1 percentage point recently.
Keywords: central bank independence; monetary policy; Great Moderation; inflation; output.
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Contents
Marin Dinu
- The new economic geography and regional policy
in Romania
Raluca Irina CLIPA
Ion POHOAŢĂ
Flavian CLIPA
- Solutions against crisis applicable
to the oro-dental health system in Romania
Adriana DUŢESCU
Oana STĂNILĂ
Daniela SAHLIAN
Daniela TRAŞCĂ
- The bad public decisions’ ripple –
setting the education off balance.
Marketing simulation – education design decisions
Ioana Teodora DINU
- Prepayment risk, impact on credit products
Dan Costin NIŢESCU
- Financial stability, monetary policy and budgetary
coordination in EMU
Claudiu Tiberiu ALBULESCU
- Central Bank independence
Vasile DEDU
Tiberiu STOICA
- Re(De)-Forming public administration:
an expert outlook on reform planning in Romania
Diana-Camelia IANCU
- The economic crisis – implications on methods
and instruments used in quality of life studies
Mihaela CONSTANTINESCU
- Effects of interest rate, exchange rate and their
volatilities on stock prices: evidence from banking
industry of Pakistan
Syed Tehseen JAWAID
Anwar Ul HAQ
