Open AccessVietnam’s macroeconomic instability from monetary policy perpecstive
Author(s) -
Dao Thi Thieu Ha,
Trinh Thi Tuyet Pham
Publication year - 2013
Publication title -
khoa học công nghệ
Language(s) - English
Resource type - Journals
ISSN - 1859-0128
DOI - 10.32508/stdj.v16i1.1410
Subject(s) - economics , monetary policy , monetary economics , boom , instability , inflation (cosmology) , fiscal policy , stock (firearms) , macroeconomics , mechanical engineering , physics , environmental engineering , theoretical physics , mechanics , engineering
Macroeconomic instability Indices of Vietnam shows that Viet Nam actually falls in macroeconomic instability. In addition to the effect of external factors such as increased capital inflow fluctuation and global economic crisis, easy monetary and fiscal policy also lead to estate and stock price boom and finally expose Vietnam economy to instability. Among them, monetary policy is one of the main causes leading to this situation because of frequency change in policy, inconsistency of inflation targeting, lack of long-term policies and administrative measures. This paper also points out some policy recommendations for effectively controlling the instability.