Macroeconomic Implications of the Transition to Inflation Targeting and Capital Account Liberalization in Romania

Macroeconomic Implications of the Transition to Inflation Targeting and Capital Account Liberalization in Romania
In the near future, Romania will introduce inflation targeting and fully liberalize its capital account. This paper aims to analyze, in a dynamic general-equilibrium model with sticky prices and monopolistic competition, how these two profound changes will affect the ability of monetary policy to pursue its objective of price stability. In... READ MORE...

Publication date: December 2004
ISBN 9781451875591
$15.00

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