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Monetary policy regimes in Russia: Guidelines for further quantitative studies
https://doi.org/10.32609/0042-8736-2017-4-38-60
Abstract
This paper analyzes the basic parameters of monetary policy in 2000-2015 in Russia. We provide the overview of tools and objectives of monetary policy of the Bank of Russia and identify the periods of homogeneity of monetary policy regimes: from money base targeting to exchange rate targeting and finally, to interest rates policy. On the basis of this research we develop the recommendations for further quantitative research aimed at estimation of monetary policy effects in Russia.
About the Author
A. Pestova
National Research University Higher School of Economics; Center for Macroeconomic Analysis and Short-Term Forecasting, Institute of Economic Forecasting, RAS
Russian Federation
Russian Federation
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Review
For citations:
Pestova A. Monetary policy regimes in Russia: Guidelines for further quantitative studies. Voprosy Ekonomiki. 2017;(4):38-60. (In Russ.) https://doi.org/10.32609/0042-8736-2017-4-38-60
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