Monetary Policy's Priorities of Central Banks in New Conditions

Andryushin, S.; Кузнецова, В.В.

doi:10.32609/0042-8736-2011-6-57-71

Vopr. èkon.

2011

DOI: 10.32609/0042-8736-2011-6-57-71

|View full text |Cite

Monetary Policy's Priorities of Central Banks in New Conditions

S. Andryushin

В.В. Кузнецова

Abstract: The paper is devoted to the issues of central banks targets transformation in a situation of financial globalization and growing national financial markets integration. These processes greatly modify the traditional channels and instruments of monetary policy transmission mechanism.

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2012

Publication Types

Select...

Article2

Relationship

Self Cite0

Independent2

Authors

Journals

Cited by 2 publications

References 15 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

On the Validity of the Theoretical Bases of Inflation Targeting and New Keynesian General Equilibrium Models

Plushchevskaya

2012

Vopr. èkon.

View full text Add to dashboard Cite

The latest world economic and financial crisis highlighted problems in macroeconomic policies pursued by developed economies as well as the necessity of searching for an effective regulatory framework. In particular, doubts have occurred in the indisputability of advantages of inflation targeting and its theoretical basis: the New Keynesian dynamic stochastic general equilibrium models. The reason for doubts lies mainly in the lack of confidence in the new neoclassical synthesis propositions which form the basis for the modern monetary theory and structural modelling. The article reveals close links between contemporary mainstream economics, inflation targeting and New Keynesian dynamic stochastic general equilibrium models, concentrates on controversial points of the theory which bring into question applicability of the monetary policy regime and the models, and finally, outlines further research agenda.

show abstract

On the Validity of the Theoretical Bases of Inflation Targeting and New Keynesian General Equilibrium Models

Plushchevskaya

2012

Vopr. èkon.

View full text Add to dashboard Cite

show abstract

Macroprudential Policy Instruments of Central Banks

Andryushin

Кузнецова

2012

Vopr. èkon.

View full text Add to dashboard Cite

The paper analyzes central banks macroprudencial policy and its instruments. The issues of their classification, option, design and adjustment are connected with financial stability of overall financial system and its specific institutions. The macroprudencial instruments effectiveness is evaluated from the two points: how they mitigate temporal and intersectoral systemic risk development (market, credit, and operational). The future macroprudentional policy studies directions are noted to identify the instruments, which can be used to limit the financial systemdevelopment procyclicality, mitigate the credit and financial cycles volatility.

show abstract

scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.

Contact Info

hi@scite.ai

10624 S. Eastern Ave., Ste. A-614

Henderson, NV 89052, USA

Blog Terms and Conditions API Terms Privacy Policy Contact Cookie Preferences Do Not Sell or Share My Personal Information

Made with 💙 for researchers

Part of the Research Solutions Family.

Monetary Policy's Priorities of Central Banks in New Conditions

Abstract: The paper is devoted to the issues of central banks targets transformation in a situation of financial globalization and growing national financial markets integration. These processes greatly modify the traditional channels and instruments of monetary policy transmission mechanism.

Cited by 2 publications

References 15 publications

On the Validity of the Theoretical Bases of Inflation Targeting and New Keynesian General Equilibrium Models

On the Validity of the Theoretical Bases of Inflation Targeting and New Keynesian General Equilibrium Models

Macroprudential Policy Instruments of Central Banks

Contact Info

Product

Resources

About