Modern monetary policy: Relevant criticism or misunderstanding in the expert community?

Polina Badasen, Alexander Isakov, Alexey Khazanov*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

7 Scopus citations

Abstract

In this paper we provide the analysis of monetary policy issues on which the expert community and the authorities do not have common point of view. We suggest arguments supporting the Bank of Russia’s position regarding the interpretation of current economic situation and we also respond to the critique concerning the inconsistency and the lack of transparency of monetary policy.

Original languageEnglish
Pages (from-to)128-142
Number of pages15
JournalVoprosy Ekonomiki
Volume2015
Issue number6
DOIs
StatePublished - 2015
Externally publishedYes

Bibliographical note

Publisher Copyright:
© 2015, Russian Presidental Academy of National Economy and Public Administration. All rights reserved.

Keywords

  • Key interest rate
  • Monetary policy
  • Potential output
  • Taylor rule

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