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  • 标题:CREDIBILITY AND TRANSPARENCY - SOURCES FOR THE IMPROVEMENT OF MACROECONOMIC PERFORMANCES
  • 本地全文:下载
  • 作者:Toader Valentin Gut Carmen Maria Vorzsak Magdalena
  • 期刊名称:Annals of the University of Oradea : Economic Science
  • 印刷版ISSN:1222-569X
  • 电子版ISSN:1582-5450
  • 出版年度:2009
  • 卷号:XVIII
  • 期号:02
  • 出版社:University of Oradea
  • 摘要:The purpose of this paper is to show that the monetary policy credibility and transparency represent two powerful sources for the improvement of macroeconomic performances. In order to achieve this goal, the authors adapted the methodology developed by Krause to our economic environment. We identified three time spans in our economy evolutions and we evaluated in each period the impact of monetary credibility and transparency improvement on the macroeconomic performances index. The results obtained showed that the improvement of monetary policy credibility and transparency sustained the stability and the predictability of the macroeconomic environment.
  • 关键词:monetary policy credibility, monetary policy transparency, economic performances
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