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- Title
LIMITS OF ECB MONETARY POLICIES ON ADJUSTING MACROECONOMIC SHOCKS.
- Authors
Bogdan, Cӑpraru Sebastian; Romeo, Ihnatov Iulian
- Abstract
In this paper we intend to highlight the limits of ECB in managing the macroeconomic shocks in the Euro zone. We consider that in the last months the ECB monetary policy rate loses its effectiveness and, consequently, should be offset by other measures of economic and social policy. For demonstrating this conclusion we have analyzed inflation rate, GDP growth rate and output gap per country and per Euro zone as a whole.
- Subjects
EUROPEAN Union countries; EUROPEAN Central Bank; GROSS domestic product; GROWTH rate; EUROZONE; MONETARY policy; PRICE inflation; SOCIAL policy; ECONOMIC policy
- Publication
Annals of the University of Oradea, Economic Science Series, 2009, Vol 18, Issue 3, p509
- ISSN
1222-569X
- Publication type
Article