Decizii Strategice Ale Politicii Monetare (Strategic Decisions of the Monetary Policy)

Abstract

Conducerea politicii monetare poate fi privită ca o serie de decizii prin care sunt alese obiectivele şi instrumentele. Această lucrare studiază unele aspecte ale deciziilor strategice din politica monetară precum rolurile jucate de banca centrală şi de alte autorităţi publice, principalele constrângeri ale politicii monetare sau fazele elaborării unei strategii. Vom aborda, de asemenea, câteva din schimbările pe care recenta criză globală le-ar putea aduce în conducerea politicii monetare.

The conduct of the monetary policy could be view as a series of decisions in which the objectives and tools are chosen. This paper explores some aspects of the strategic decisions of the monetary policy such as the roles played by central banks and other public authorities, the main constraints of the monetary policy and the phases of building a strategy. We also approach some changes induced by the recent global crisis in the conduct of the monetary policy.

Note: Downloadable document is in Romanian.

Keywords: Monetary Policy, Decision Making, Central Bank

JEL Classification: E50, E52, E58