Some Aspects of Monetary Policy Optimization

О некоторых аспектах оптимизации денежно-кредитной политики

Dmitriy Shults () and Zarina E. Tsokolaeva
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Zarina E. Tsokolaeva: Infrastructure Economics Centre

Russian Economic Development, 2022, issue 3, 9-21

Abstract: The article is devoted to possible directions of improving monetary policy in Russia. First, various variants of the targeting object are considered. Model studies on the optimization of monetary policy parameters indicate the need to target the most inflexible components of inflation, which make the greatest contribution to the loss of market efficiency. The technical aspects of the optimization of monetary policy based on the apparatus of general equilibrium models are considered. Finally, the issue of improving monetary policy through the transition to hybrid inflation targeting is considered.

Keywords: monetary policy; monetary policy optimization; inflation targeting; hybrid inflation targeting (search for similar items in EconPapers)
JEL-codes: E52 E58 (search for similar items in EconPapers)
Date: 2022
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