Articles on Issue Theme
Irina Mădălina DOROFTEI
Academia de Studii Economice din Bucureşti
The author’s recent investigation including 140 monetary authorities around the world provides a useful overview of contemporary monetary policy. Monetary policy objectives prevail in central banks’ charters and legislation, as compared to other objectives of central banks. Strategies, instead, are usually left to central banks’ discretion. The survey revealed a number of methodological issues in the definitions policy makers use, as well as in establishing the main objective and strategy of monetary policy. Still, the consensus in macroeconomics has been confirmed – the majority of monetary authorities have assumed price stability as their objective and inflation targeting as monetary strategy.
ŒCONOMICA no. 3/2013
Keywords: monetary policy, monetary policy objectives, monetary policy strategy
JEL: E52, E58
A Survey of Contemporary Monetary Policy [O cercetare a politicilor monetare contemporane]
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Octavian-Dragomir JORA
Academia de Studii Economice din Bucureşti
Mara Andreea TUDOR
University of Chicago
Cătălin MURARAŞU
Academia de Studii Economice din Bucureşti
Ramona Iulia DIEACONESCU
Academia de Studii Economice din Bucureşti
Maria GHEORGHE (NIŢU)
Academia de Studii Economice din Bucureşti
Sorin-Nicolae CURCĂ
Academia Română
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