The Monetary Policy of the National Bank of Romania in The Inflation Targeting Era. A Taylor Rule Approach
In this paper we analyse the monetary policy of the National Bank of Romania during 2005-2015 by estimating the Taylor rule, on a quarterly basis. We determined the potential GDP by employing the Hodrick-Prescott filter, in order to distinguish between the cyclical and the structural components of t...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2015-12-01
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| Series: | Review of Economic and Business Studies |
| Subjects: | |
| Online Access: | http://www.rebs.ro/articles/pdfs/180.pdf |