Identification of Automatic Stabilizers Among the Instruments of the Monetary Policy of Romania Regarding the Maastricht Inflation Criterion

Authors

  • Alina Georgeta Ailincă

Keywords:

convergence; methodology; stabilization; scenarios; NBR

Abstract

The global financial and economic crisis has left deep wounds on the world's economies,
whose scars are still being seen today, and the need for economic, financial, political and social
stabilization seems increasingly acute. In this context, the ability to smooth the volatility of economic
output of automatic stabilizers stands out. If we discuss strictly convergence, the Maastricht criteria
can also be included in an automatic stabilization paradigm. In this context, based on previous work,
the article aims to develop a way to identify automatic stabilizers for inflation in Romania, starting
from the classical instruments of the monetary policy of the National Bank of Romania.

References

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Published

2020-05-26

Issue

Section

Business Administration and Business Economics