INFLATION TARGETING: THEORY AND EXPERIENCE OF RUSSIA

Authors

  • Alexander Sukharev
  • Olga Smirnova
  • Svetlana Glazunova
  • Evgenia Simakova

Keywords:

Central Bank of the Russian Federation, financial condition of the central bank, financial results of the central bank, monetary authorities, built-in stabilizer, international reserves, foreign exchange reserves, economic growth, exchange rate, nominal anchor, monetary policy, targeting, inflation

Abstract

The article presents a retrospective analysis of inflation in Russia, including a correlation analysis of inflation with other important macroeconomic indicators. The theoretical basis of inflation targeting is revealed. The problem of choosing the nominal anchor of monetary policy and the impact of the inflation targeting policy on the financial results and financial condition of the Central Bank is considered.

Published

2020-09-01

Issue

No. 4 (2020): Geplat: Caderno Suplementar

Section

Artigos e Ensaios