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Assessing the impact of the instruments of monetary policy on achieving objectives of the central bank of RF

https://doi.org/10.32609/0042-8736-2013-9-106-118

Abstract

In this paper, using an econometric model (the model with Markov switchings), monetary policy of the Russian Federation in 2001—2011 is studied, based on the Taylor rule. CBR’s policy priorities in relation to inflation and the exchange rate in the given period are identified. Monetary tools are revealed, which support the mode selected by the CBR.

About the Authors

E. Fedorova
Financial University under the Government of the Russian Federation (Moscow, Russia)
Russian Federation


A. Lysenkova
Financial University under the Government of the Russian Federation (Moscow, Russia)
Russian Federation


References

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Review

For citations:


Fedorova E., Lysenkova A. Assessing the impact of the instruments of monetary policy on achieving objectives of the central bank of RF. Voprosy Ekonomiki. 2013;(9):106-118. (In Russ.) https://doi.org/10.32609/0042-8736-2013-9-106-118

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ISSN 0042-8736 (Print)