出版社：Juraj Dobrila University of Pula, Department of Economics and Tourism 'Dr. Mijo Mirkovic'
摘要：This paper incorporates the monetary policy function and uncovered interest parity in examining the impacts of changes in major macroeconomic variables on real GDP in Romania. A lower ratio of government consumption spending to GDP, an appreciation of the expected real effective exchange rate, a lower world real interest rate, more world output, and a lower inflation rate would raise real GDP. Hence, fiscal prudence is needed, and the conventional approach of real depreciation to stimulate exports and raise real output does not apply to Romania.
关键词：Inflation targeting; monetary policy function; uncovered interest parity; fiscal policy; real appreciation or depreciation
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