IMPACTUL POLITICII MONETARE ASUPRA REZILIENȚEI ECONOMICE
THE IMPACT OF MONETARY POLICY ON ECONOMIC RESILIENCE

Summary/Abstract: In the current economic context, characterized by multiple challenges and vulnerabilities, the capacity of financial systems to absorb shocks and maintain stability becomes a determining factor of sustainable development. The European integration process of the Republic of Moldova requires strengthening the monetary policy framework and increasing the efficiency of response mechanisms to economic disturbances. The research relevance stems from Moldova's strategic objective of sustainable economic development and the need to align with European Union standards, a context in which strengthening the resilience of the financial system becomes essential. The research aims to evaluate the monetary system's capacity to maintain macroeconomic stability during periods of financial stress and to identify the mechanisms through which monetary policy contributes to the economy's adaptability and recovery after disturbances. The research methodology combines theoretical analysis of specialized literature with a quantitative analysis focused on key monetary indicators. Using a Vector Autoregressive (VAR) model, the study analyzes the interaction between main monetary and macroeconomic variables to evaluate the effectiveness of monetary transmission mechanisms. The results highlight significant volatility in economic growth, persistence of inflationary shocks, and limited effectiveness of monetary transmission, suggesting the need for complementary structural reforms.

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