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Title: Central bank’s communication – a new regime inflation targeting challenge (the case of Republic of Moldova)
Authors: Cociug, Victoria
Hinev, Olga
Keywords: monetary policy
targeted system
Republic of Moldova
banking system
Issue Date: 2016
Publisher: "Victor Slăvescu" Centre for Financial and Monetary Research
Citation: COCIUG, Victoria, HINEV, Olga. Central bank’s communication – a new regime inflation targeting challenge (the case of Republic of Moldova). In : Journal of Financial and Monetary Economics. 2016, no. 3, pp. 67-71. ISSN 2537-3269; ISSN L 2392-9685.
Abstract: In this article, we try to examine the definitive aspects of a transparent frame and credible capable to ensure anchoring inflation expectation, case that actually most central banks with inflation targeting regime have gambled. Making reference to Republic of Moldova, we can mention that from the moment of obtaining independence, Republic of Moldova has faced with the problem of high inflation, the cause that got milder once the national banking system reoriented of the inflation targeting strategy. The implementation of inflation targeted strategy has imposed a lot of challenges in the perimeter of National Bank of Moldova communication politics, because the success of this strategy is caused by the anchoring inflation expectations and therefore the credibility of institution. Starting with the other central bank‘s experience, we come with the remedies for improving the communication of National Bank of Moldova in order to achieve the inflation target.
Description: Bibliogr.: p. 71 (6 titl.). JEL classification codes: E31, E52, E58.
ISSN: 2537-3269
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