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https://doi.org/10.29141/2073-1019-2018-19-1-1
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Денежно-кредитная политика в контексте теоретических и методологических проблем экономической науки
Monetary Policy in the Context of Theoretical and Methodological Problems of Economic Science
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Abstract The paper focuses on the issue of theoretical and methodological justification of monetary policy and its tools. A review of Russian economists’ theoretical approaches to this problem allowed the authors to identify theoretical, methodological and applied bases of evaluation of monetary policy of th... view more
The paper focuses on the issue of theoretical and methodological justification of monetary policy and its tools. A review of Russian economists’ theoretical approaches to this problem allowed the authors to identify theoretical, methodological and applied bases of evaluation of monetary policy of the Bank of Russia. The paper presents the authors’ view of the scientific discussion on appropriateness of the monetary policy adopted by the Bank of Russia for the current state of the economy. The authors reveal principle distinctions between theoretical arguments of the supporters of the Bank’s monetary policy and their opponents. The research theoretically and conceptually validates the changes in basic definitions and ideas contributing to the existing understanding of inflation in the monetary policy of the Bank of Russia. The analysis of macroeconomic theory and actual monetary policy gives grounds to conclude about their strong correlation. The suggested review of theoretical approaches to the problem studied will allow determining theoretical, methodological and applied rationale for monetary policy more accurately.... view less
Keywords
Russia; economic growth; monetary policy; inflation; central bank
Classification
National Economy
Free Keywords
monetisation
Document language
Russian
Publication Year
2018
Page/Pages
p. 5-15
Journal
Journal of the Ural State University of Economics, 19 (2018) 1
ISSN
2073-1019
Status
Published Version; peer reviewed