Modern monetary policy - relevant criticism or misunderstanding in the expert community?

Polina Badasen (), Alexander Isakov () and Alexey Khazanov
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Polina Badasen: The Central Bank of the Russian Federation
Alexander Isakov: National Research University Higher School of Economics

No 17, Working Papers from Moscow State University, Faculty of Economics

Abstract: In this paper we provide the analysis of number of monetary policy issues on which the academic economists, the expert community and the authorities do not have common point of view. We suggest arguments supporting the Bank of Russia's position regarding the interpretation of current economic situation and we also respond to the critique concerning the inconsistency and the lack of transparency of monetary policy presented in Apokin et al., 2014 paper.

Keywords: monetary policy; Taylor rule; potential output; key interest rate (search for similar items in EconPapers)
JEL-codes: E52 E58 E65 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2015-03
New Economics Papers: this item is included in nep-cis, nep-ene, nep-env and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:upa:wpaper:0017

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