Institutional aspects of monetary policy formation: russian and foreign practice
In the article, the authors consider the issues of monetary policy as one of the main components of the economic policy of the state. A key role in the formation of monetary policy belongs to Central banks, which focus their activities on ensuring price or monetary stability, stability of the purcha...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2022-09-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/3756 |
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| author | I. V. Milkina Yu. A. Lebedeva |
| author_facet | I. V. Milkina Yu. A. Lebedeva |
| author_sort | I. V. Milkina |
| collection | DOAJ |
| description | In the article, the authors consider the issues of monetary policy as one of the main components of the economic policy of the state. A key role in the formation of monetary policy belongs to Central banks, which focus their activities on ensuring price or monetary stability, stability of the purchasing power of the national currency. The authors analyze the intermediate targets of monetary policy and its regimes carried out by economically developed countries of the world: monetary targeting, exchange rate targeting, inflation targeting or inflation targeting. An assessment is given of the Central Bank of the Russian Federation inflation targeting policy, which uses interest rate policy as the main instrument of monetary regulation, as one of the main channels of monetary policy impact on the economy, namely, changing the conditions for financing the real sector of the economy through the financial market. |
| format | Article |
| id | doaj-art-890ebe36f1c34eea9455b5822f544465 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2022-09-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-890ebe36f1c34eea9455b5822f5444652025-02-04T08:28:13ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152022-09-010815416210.26425/1816-4277-2022-8-154-1622551Institutional aspects of monetary policy formation: russian and foreign practiceI. V. Milkina0Yu. A. Lebedeva1State University of ManagementState University of ManagementIn the article, the authors consider the issues of monetary policy as one of the main components of the economic policy of the state. A key role in the formation of monetary policy belongs to Central banks, which focus their activities on ensuring price or monetary stability, stability of the purchasing power of the national currency. The authors analyze the intermediate targets of monetary policy and its regimes carried out by economically developed countries of the world: monetary targeting, exchange rate targeting, inflation targeting or inflation targeting. An assessment is given of the Central Bank of the Russian Federation inflation targeting policy, which uses interest rate policy as the main instrument of monetary regulation, as one of the main channels of monetary policy impact on the economy, namely, changing the conditions for financing the real sector of the economy through the financial market.https://vestnik.guu.ru/jour/article/view/3756central bankmonetary policyeconomic policyinterest rateinflation targetingstability of the national currencythe real sector of the economy |
| spellingShingle | I. V. Milkina Yu. A. Lebedeva Institutional aspects of monetary policy formation: russian and foreign practice Вестник университета central bank monetary policy economic policy interest rate inflation targeting stability of the national currency the real sector of the economy |
| title | Institutional aspects of monetary policy formation: russian and foreign practice |
| title_full | Institutional aspects of monetary policy formation: russian and foreign practice |
| title_fullStr | Institutional aspects of monetary policy formation: russian and foreign practice |
| title_full_unstemmed | Institutional aspects of monetary policy formation: russian and foreign practice |
| title_short | Institutional aspects of monetary policy formation: russian and foreign practice |
| title_sort | institutional aspects of monetary policy formation russian and foreign practice |
| topic | central bank monetary policy economic policy interest rate inflation targeting stability of the national currency the real sector of the economy |
| url | https://vestnik.guu.ru/jour/article/view/3756 |
| work_keys_str_mv | AT ivmilkina institutionalaspectsofmonetarypolicyformationrussianandforeignpractice AT yualebedeva institutionalaspectsofmonetarypolicyformationrussianandforeignpractice |