Development of an explicit rule of monetary policy for the economy of Ukraine

Serhiy Kozmenko and Taras Savchenko

MPRA Paper from University Library of Munich, Germany

Abstract: The paper explains the expediency of developing an explicit rule of monetary policy for the economy of Ukraine. It studies the stages of its development, proving the expediency of formation of monetary rules for money aggregates, evaluates equilibrium values of the rule’s parameters based on the use of the modified Hodrick-Prescott filter, and determines the possible parameters of the monetary rule and their estimated coefficients by developing multivariate regression models.

Keywords: monetary policy rule; central bank; monetary policy; the Hodrick-Prescott filter; inflation targeting. (search for similar items in EconPapers)
JEL-codes: E50 E52 E58 (search for similar items in EconPapers)
Date: 2013-03-01
New Economics Papers: this item is included in nep-cba, nep-cis, nep-cwa, nep-mac, nep-mon and nep-tra
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Citations: View citations in EconPapers (1)

Published in Investment Management and Financial Innovations, 1.10(2013): pp. 8-19

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:50793

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