Monetary Policy

This book emerged from the author’s preoccupation with certain aspects of monetary policy that were seldom a topic of discussion prior to the crisis outbreak in July 2007. The paper includes a succession of individual studies about:

• inflation and the liquidity trap;
• the Eurozone and its difficulties;
• the speculative attack on the leu and the central bank’s reputation;
• the unemployment rate and monetary policy.

Most of these aspects are approached out of the practical need to change some points of view — considered faultless until recently — and refer both to the Romanian economy, and to the global economy.

Looking back to the crisis that changed the human society, we will find in these pages some answers to the questions regarding the conduct of monetary policy.

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