Monetary Policy: The Specific Features of Its Implementation in the Current Phase of Economic Development

Anna Kiyutsevskaya

Working Papers from Gaidar Institute for Economic Policy

Abstract: The article examines the specific features that characterize central banks' monetary policies under current conditions in the context of evolution of their goals and objectives during different phases of economic development. The author substantiates the statement that the choice of goals and objectives is determined by objective factors, and on this basis comes to the conclusion that the global financial and economic crisis, which revealed the challenges to and constraints on the choice of monetary policy directions, became the next starting point in its evolution.

Keywords: Russian economy; monetary policy regime; monetary authorities; features of macroeconomic development; targeting; developed and developing countries (search for similar items in EconPapers)
JEL-codes: E52 E66 F33 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2017, Revised 2017
New Economics Papers: this item is included in nep-cis, nep-mac and nep-mon
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https://www.iep.ru/files/RePEc/gai/wpaper/wpaper-2017-298.pdf Revised version, 2023 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:gai:wpaper:wpaper-2017-298

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