Template-type: ReDIF-Article 1.0
Author-Name: Dmitry N. Shults
Author-Workplace-Name: Infrastructure Economics Centre
Author-Name: Zarina E. Tsokolaeva
Author-Workplace-Name: Infrastructure Economics Centre
Title: Some Aspects of Monetary Policy Optimization
Title: О некоторых аспектах оптимизации денежно-кредитной политики
Abstract: The article is devoted to possible directions of improving monetary policy in Russia. First, various variants of the targeting object are considered. Model studies on the optimization of monetary policy parameters indicate the need to target the most inflexible components of inflation, which make the greatest contribution to the loss of market efficiency. The technical aspects of the optimization of monetary policy based on the apparatus of general equilibrium models are considered. Finally, the issue of improving monetary policy through the transition to hybrid inflation targeting is considered.
Keywords: monetary policy, monetary policy optimization, inflation targeting, hybrid inflation targeting
Classification-JEL: E52, E58
Journal: Russian Economic Developments
Year: 2022
Issue: 3
Month: March
Pages: 9-21
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r2224.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r2224