Online ISSN 2286-0266
Print ISSN 1223-0685
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Napoleon POP
Banca Naţională a României
The monetary policy decision, as any other decision, is the product of a procedure assembling a lot of primary information, but also what type of other ingredients contribute finally to a certain monetary policy decision. These ingredients refer sometimes to some imponderables factors, belonging mainly to the decision making people, individually, and steaming out from their professional education, practical experience, professional passion, dedication, own perception of the economic realities. Thus, monetary policy decision-making process and the decision itself appear to be a happy mixture between art and science, between theory and intuition.

ŒCONOMICA no. 4/2008
Keywords: inflation, monetary policy, interest rate, decision, central bank, banking system, efficiency, communication, intuition
JEL: E31, E52, E58, D81, D83
Decizia de politică monetară – între teorie şi intuiţie