Home Volumul 1 STABILITATEA PREŢURILOR – OBIECTIVUL FINAL AL POLITICII MONETARE

STABILITATEA PREŢURILOR – OBIECTIVUL FINAL AL POLITICII MONETARE


Florin Cornel Dumiter
Universitatea de Vest ”Vasile Goldiş” din Arad, Facultatea de Ştiinţe Economice,
Str. Mihai Eminescu nr. 15, tel. 0257213066, fax. 025724377, This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Abstract
Nowadays, it is obvious that both stable money and price stability could be an important
objective for the development of the society. The main aspect in this sense is conferred by
the institutional mechanism which guarantees the price stability. The concept of price
stability means the situation in which the expected changes over the medium price level are
gradual and not taken into consideration by the houses and economic institutions decisions.
Referring to this aspect, for granting price stability, the central bank must have the ability to
issue money and to control the monetary base. An important argument is the credibility to
constrain the discretionary power of money issue through institutional mechanisms.
Independent central banks with clear mandates focused on price stability may be the best
solution in this sense.
Keywords: price stability, financial stability, time inconsistency problem, fiscal policy,
monetary policy, economic outcome

Citeste articolul