The USV Annals of Economics and Public Administration, Vol 21, No 1(33) (2021)

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Analysis of the monetary policy of the European Union in the context of globalization

Mihai Popescu

Abstract


This paper approaches the impact of globalization on the monetary policy of the European Union by comparing the data available both on the official website of the World Bank and on the website of the European Union (Eurostat) in order to establish the global influences of inflation with how these indicators evolve with those at the level of the European Union. Also, the paper highlights the impact of globalization in economic life in terms of monetary policy of the European Union, as well as the degree of fulfillment of the objectives proposed within this policy. Thus, the most important indicators of monetary policy were analyzed, namely: the inflation rate, the interest rate, as well as the level of direct investments, as well as their evolution worldwide compared to the indicators from the European Union. To analyze the impact of globalization on these indicators I will use graphs that will reveal their evolution, and with their help I will determine the degree of influence of globalization. In this regard, I consider important to analyze how the indicators within the monetary policy of the European Union have evolved, as well as the contribution of globalization to the specific objectives of monetary policy so as to demonstrate that globalization influences both directly and indirectly the decisions that are taken within the monetary policy of the European Union for a more stable economy.


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                     Ştefan cel Mare University of Suceava                   Faculty of Economics, Administration and Business
 

 

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