Dimensions of post-crisis competitive monetary policy

Authors

  • Gheorghe MANOLESCU Professor Ph.D. Faculty of Finance and Banks, Bucharest Spiru Haret University

Keywords:

monetary policy, competitiveness, attribute, coordinated dimensional size, decision, tool

Abstract

This communication wants to highlight, synthetically, the need to reconsider the monetary policy pursued in post-crisis period, driven by the imperatives of necessity, the requirements increase its competitiveness in a global economy, integrated, computerized, subject, becoming more global governance multiform.In this respect, communication and defining attributes are revealed circumscribed managing corporate governance dimensions of competitive monetary policy, promoted by the central bank in post-crisis period, finally giving it a summary schedule determined relations between attributes and dimensions of size co-determinative scheme could offer possible opening for formalization and modeling.Dimensions listed in the paper confined field improvement and adaptation potential of monetary policy in a period of rebuilding and restructuring the global economy, world of regionalism and integration, the polarization of the world economy, the assertion of national economies in a new perspective, that of network economies networked and distributed market.  

References

• Bergo Jarie; Monetary policy, cyclical fluctuations and competitiveness; http://www.norges-bank.no/templates/article_1785.aspk

• Bernhardden Tom, Kloster Arne; Transparency and predictability in monetary policy; http://www.norges-bank.no/upload/import/english/publications/economic_buletin/2002-02/transparency.pdf

• Bohn Henning; Time consistency of monetary policy in the open economy; http://finance.wharton.upenn.edu/~rlwctr/papers/8833.PDF

• Issing Otmar; Communication, transparency, accountability: monetary policy in the twenty-first century;

http://research.stlouisfed.org/publications/review/05/03/part1/Issing.pdf

• Khan Heshmat, Moessner Richhild; Competitiveness, inflation and monetary policy; http://www.bankofengland.co.uk/publications/workingpapers/wp246.pdf

• Walsh Carj; Central bank independence;

http://people.ucsc.edu/~walshe/cbi_newpalgrave.pdf

• Week John; The effectiveness of monetary policy reconsidered; http://www.undp-povertycentre.org/pub/IPCTechnicalPaper3.pdf

Downloads

Published

2010-03-30

How to Cite

MANOLESCU, G. (2010). Dimensions of post-crisis competitive monetary policy. Annals of Spiru Haret University. Economic Series, 10(1), 113–119. Retrieved from https://anale.spiruharet.ro/economics/article/view/10112

Issue

Section

ACADEMIA PAPERS