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Inflation Targeting And Its Effects On The Inflation: Albanian Case, Oltjana Zoto, Arbri Agalliu

UBT International Conference

Transformation from a centrally planned economy to a market economy was accompanied by a number of reforms such as the efforts to fully liberalize prices and the creation of a two-level banking system. To achieve this goal there was the need to include the monetary policy as one of the main macroeconomic policies. The law on “the Bank of Albania” defined the competence of BoA to draft and implement the monetary policy by keeping the price stability as principal goal. There are several monetary policies strategies or regimen to achieve the prices stability such as: targeting of the monetary mass, …