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The monetary policy strategy of the National Bank of Romania is inflation rate targeting. This strategy was adopted in 2005 after making sure that all criteria requested in order to be able to adopt this strategy were fulfilled. Therefore, the main objective of the Central Bank is to ensure price stability, but without neglecting the aspect of sustainable economic growth. In order to achieve this goal, monetary policy transmission mechanism should be well known, as long as the available set of instruments and thei...

The aim of this paper is to analyze the recent macroeconomic and banking system developments for Romanian economy, with a focus on the following fields of interest: monetary policy, fiscal policy and banking system and what are the implications on gross domestic product dynamics and inflation evolution. In order to achieve this purpose, a macroeconomic analysis is being done and the interactions between these variables are followed. Considering the fact that Romania is also aiming at adopting Euro and becoming par...