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Monetary Policies and the Economic Growth

By Valentin Scarlat


Talking about the economic growth, is to be stressed the essential contribution of the investment to a country economic development, role which is unanimously recognized and accepted. It is well-known that even the most developed market economies were built up with notable investment efforts, in order to enable a high efficiency of the fixed assets and to ensure a rational use of the natural resources and of the labour force. The investment process is mainly conditioned by the imprevisible action of certain elements, both immanent to the economic system and exogenous to it, as well, such as: technology, politics, optimistic and pessimistic forecasting, population confidence, taxes and government expenditures, monetary base fluctuation etc.economic growth, investment, high efficiency, taxes and government expenditures, monetary policy

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  1. (1971). A Monetary History of the United States 1867-1960, Business & Economics,

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