Theoretical Approaches to Monetary Policy Implementation in the Globalized Economy

Mikhail Golovnin

Voprosy Ekonomiki, 2009, issue 4

Abstract: The paper analyzes the main theoretical conceptions and forms of monetary policy implementation in the modern world. Mundell—Fleming model is viewed as the basic one, besides changes in underlying monetary policy conditions in the context of financial globalization are considered, including world inflation dynamics during the "Great Moderation" and factors behind it, the choice of exchange rate regime, the condition of the international monetary system, monetary policy transmission mechanism, theories on financial market development, and rising propensity to financial crises in national economies. Special attention is paid to those theoretical positions that can be used for the analysis of current Russian monetary policy.

Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.vopreco.ru/jour/article/viewFile/859/859 (application/pdf)

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:nos:voprec:y:2009:id:859

DOI: 10.32609/0042-8736-2009-4-42-58

Access Statistics for this article

More articles in Voprosy Ekonomiki from NP Voprosy Ekonomiki
Bibliographic data for series maintained by NEICON ().