Some Particularities of the Monetary Transmission Channels in Romania

9 Pages Posted: 11 Aug 2014

See all articles by Ramona Dumitriu

Ramona Dumitriu

University Dunarea De Jos Galati

Costel Nistor

University Dunarea de Jos Galati

Razvan Stefanescu

University Dunarea De Jos Galati

Date Written: February 03, 2008

Abstract

In the last decade the monetary policy from Romania was deeply changed. The inflation decreased considerably in comparison with the 1990s. From a few years National Bank of Romania adopted the inflation targeting strategy that implied a careful use of the monetary instruments. The success of the Central Bank depends greatly on understanding the monetary transmission mechanism. Using the VAR methodology, we analyze in this article the particularities of the monetary transmission mechanism in Romania.

Keywords: Monetary Policy, Transmission Mechanism, VAR Analysis, Inflation Targeting, Transition Countries

JEL Classification: E50, E52, E59

Suggested Citation

Dumitriu, Ramona and Nistor, Costel and Stefanescu, Razvan, Some Particularities of the Monetary Transmission Channels in Romania (February 03, 2008). Available at SSRN: https://ssrn.com/abstract=2478601 or http://dx.doi.org/10.2139/ssrn.2478601

Ramona Dumitriu (Contact Author)

University Dunarea De Jos Galati ( email )

Romania

Costel Nistor

University Dunarea de Jos Galati ( email )

Galati, 800001
Romania

Razvan Stefanescu

University Dunarea De Jos Galati ( email )

Str. Domnească, nr. 47
Galati, 800008
Romania

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