The monetary policy in a changing world

In a context where 'the economies' evolution is driven by the crisis', the monetary policies are facing, in the post-crisis period, challenges that bring to the forefront of debates the rethinking of objectives, strategies and even implementation tools. This paper presents in a compar...

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Bibliographic Details
Published in:The International Conference "The European Integration - Realities and Perspectives" 2015-05, Vol.10 (1), p.385-393
Main Authors: Trandafir, Mariana, Dragomir, Georgeta
Format: Article
Language:English
Subjects:
Central banks
Europe
European Union
IMF
Japan
Monetary policy
price stability
central bank
the global financial crisis
unconventional measures
U.S.A
Online Access:Get full text
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Summary:In a context where 'the economies' evolution is driven by the crisis', the monetary policies are facing, in the post-crisis period, challenges that bring to the forefront of debates the rethinking of objectives, strategies and even implementation tools. This paper presents in a comparative analysis, the relevance of price stability in terms of theoretical fundaments and effectiveness of the concept for the pre and post - crisis periods, in the Eurozone, the US and Japan in an attempt to identify the explicative resorts of the central bank's monetary behavior. At this time when the central banks are obliged to unconventional measures to save the global economy from the danger of deflation, the topic is important and timely addressed. The paper uses statistical data of official documents taken from the International Monetary Fund, European Union and central bank websites.
ISSN:2069-9344
2067-9211
2069-9344