The role of monetary policy in the context of macroeconomic policies. Quantitative and qualitative approach for Romania - Alina Georgiana Ioniță

Author: Alina Georgiana Ioniţă
Vol. 2 • No. 2 • May 2017


As a result of the recent global economic and financial crisis, it has increased interest in identifying models that explain the stochastic dynamics of macroeconomic variables and meet the country-specific requirements according to the degree of development and the particularities of the economy. Thus, the purpose of this paper is to analyze a mix of monetary and fiscal policy that would fit Romania's macroeconomic context, given the uncertainty of future economic shocks and the uncertainty in setting the model parameters.

Keywords: monetary, fiscal policy, dynamic stochastic general equlibrium model, mix of monetary and fiscal policy

JEL classification: B22