The following information was submitted:
Transactions: WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS
Transactions ID Number: 29-125
Full Name: Stefan-Alexandru Ionescu
Position: Assistant Professor
Age: ON
Sex: Male
Address: 16, Dumbraveni st, 4th district, 040779- Bucharest
Country: ROMANIA
Tel: +40 729 444555
Tel prefix:
Fax: +40 21 451 0012
E-mail address: ionescusa@yahoo.com
Other E-mails: ionescusa@gmail.com
Title of the Paper: The Transmission Mechanism of Monetary Policy in Romania
Authors as they appear in the Paper: Stefan-Alexandru Ionescu, Andreea-Raluca Voicu, Alexandru Ionescu
Email addresses of all the authors: ionescusa@yahoo.com , ralucavo@yahoo.com , alex.ionescu78@gmail.com
Number of paper pages: 12
Abstract: As concerns the process to traverse the macroeconomics analysis reasoning of the budgetary earnings and expenses, there shall be crossed the phases whose target consists in defining and understanding the „the balanced production" term. The issue of the consequences generated by the increase of the real quantity of money on the interest rate from the transmission mechanism point of view is by means of the monetary policy management mechanism that the National Bank shall control the money stock as an independent variable, and, consequently, shall also control the interest rate and the available income as associate variables. The multiplier modelling process can make it possible to render evident a possible interaction between the central bank and the other banks as concerns the money offer. This interaction implies an adjustment mechanism that consists in re-defining the monetary base, in re-formulating the multiplier, and in studying the money – credit relationship.
Keywords: macroeconomics modeling, cybernetic systems, money supply, multiplier process, interest rate, monetary base
EXTENSION of the file: .pdf
Special (Invited) Session: Monetary Mechanism to Propagate Macroeconomics Policies
Organizer of the Session: 575-054
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