EconPapers    
Economics at your fingertips  
 

Benefits and costs of inflation targeting in Russia

Выгоды и издержки инфляционного таргетирования в России

Pavel Trunin, Alexandra Bozhechkova, Eugene Goryunov, Anna Kiyutsevskaya and Sinelnikova-Muryleva, Elena (Синельникова-Мурылева, Елена) ()
Additional contact information
Sinelnikova-Muryleva, Elena (Синельникова-Мурылева, Елена): The Russian Presidential Academy of National Economy and Public Administration

Published Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: The scientific report presents an assessment of the benefits and costs of the Russian economy as a result of the transition to the inflation targeting regime, analyzes its theoretical aspects, identifies the main characteristics, considers the transmission mechanism of monetary policy in the conditions of the inflation targeting regime. The authors analyzed the international experience of the functioning of economies under conditions of inflation targeting, on the basis of which the key prerequisites, conditions and consequences of the transition to this monetary policy regime were identified. The report presents the results of an analysis of the benefits and costs of the Bank of Russia transition to inflation targeting, as well as its correlation with the floating exchange rate regime. The success of the Russian experience of the transition to the inflation targeting regime lies in achieving inflation target, close to 4%. Nevertheless, the positive effects of lowering inflation will fully manifest themselves as inflationary expectations decrease and stabilize around the target level.

Pages: 60 pages
Date: 2019-01
New Economics Papers: this item is included in nep-cis, nep-mac, nep-mon and nep-tra
References: Add references at CitEc
Citations:

Downloads: (external link)
https://repec.ranepa.ru/rnp/ppaper/021914.pdf
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rnp:ppaper:021914

Access Statistics for this paper

More papers in Published Papers from Russian Presidential Academy of National Economy and Public Administration Contact information at EDIRC.
Bibliographic data for series maintained by RANEPA maintainer ().

 
Page updated 2025-03-24
Handle: RePEc:rnp:ppaper:021914