The relationship of monetary policy to inflation and employment
Abstract and keywords
Abstract (English):
The article presents the theoretical foundations of the relationship between monetary instruments and the real sector of the economy, the versatility of the relationship between monetary instruments and macroeconomic indicators (inflation and employment). The advantages of the inflation targeting regime include increased transparency and predictability of monetary policy. However, the practical implementation of inflation targeting faces a number of difficulties. Special attention is paid to modern approaches to monetary regulation, including inflation targeting and unconventional monetary policy measures. Research results vary significantly depending on the analyzed period, country, and other factors. The experience of recent crises shows that the isolated use of monetary instruments may not be sufficient to solve the structural problems of the economy and requires an integrated approach to economic policy. The prospects for the development of monetary policy are related to the further improvement of analysis and forecasting tools, the development of communication strategies and adaptation to the changing conditions of the global economy. The study shows the importance of coordinating monetary and fiscal policies to achieve macroeconomic stability.

Keywords:
monetary policy, inflation, employment, Phillips curve, inflation targeting
Text
Text (PDF): Read Download
References

1. Garanina O. D. Proektirovanie celey upravleniya processom social'noy adaptacii / O. D. Garanina, A. V. Prohorov, E. V. Stepanenko // Nauchnyy vestnik Moskovskogo gosudarstvennogo tehnicheskogo universiteta grazhdanskoy aviacii. – 2003. – № 67. – S. 146-151.

2. Zubarev A. V. Ob ocenke krivoy Fillipsa dlya rossiyskoy ekonomiki //Ekonomicheskiy zhurnal Vysshey shkoly ekonomiki. – 2018. – T. 22. – №. 1. – S. 40-58.

3. Kartaev F. S. Ocenka vliyaniya monetarnoy politiki na ekonomicheskiy rost dlya razlichnyh grupp stran //Finansy: teoriya i praktika. – 2018. – T. 22. – №. 1. – S. 50-63.

4. Kartaev F. S. Finansovoe razvitie i uspeshnost' inflyacionnogo targetirovaniya / F. S. Kartaev A. K. Chernichin // Vestnik Moskovskogo universiteta. Seriya 6: Ekonomika. – 2020. – № 1. – S. 41-61Kovnir V. N., Pogrebinskaya E. A. Aktual'nost' teorii Keynsa v XXI veke //Social'no-ekonomicheskie yavleniya i processy. – 2016. – T. 11. – №. 4. – S. 34-44.

5. Mandron V. V., Dudina A. G. Politika targetirovaniya inflyacii kak instrument monetarnoy politiki nacional'nogo banka //Ekonomika. Sociologiya. Pravo. – 2022. – №. 2 (26). – S. 14-18.

6. Mutavchuk K. S. Problemy perehoda v Rossii k targetirovaniyu inflyacii / K. S. Mutavchuk // E-Scio. – 2023. – № 1(76). – S. 386-394.

7. Naumenkova S. V., Mischenko V. I. Vliyanie denezhno-kreditnoy politiki central'nogo banka na stimulirovanie ekonomicheskogo rosta //Problemy sovremennoy ekonomiki. – 2015. – №. 2 (54). – S. 168-175.

8. Nelyubina A. Vliyanie denezhno-kreditnoy politiki na neravenstvo dohodov v regionah Rossii //Den'gi i kredit. – 2022. – T. 81. – №. 2. – S. 3-19.

9. Plotnikova A. A. Klyuchevaya stavka kak osnovnoy instrument targetirovaniya inflyacii v Rossii (2013-2023 gg.) / A. A. Plotnikova, A. F. Beylina // Aktual'nye problemy social'no-gumanitarnyh nauk i metodiki ih prepodavaniya : Materialy Vserossiyskogo nauchno-prakticheskogo foruma, Voronezh, 08–20 aprelya 2024 goda. – Voronezh: Voronezhskiy gosudarstvennyy pedagogicheskiy universitet, 2024. – S. 444-448.

10. Rudel'son, L. E. Strategiya kontrolya celostnosti dannyh v koncepcii upravleniya obschesistemnoy informaciey / L. E. Rudel'son, S. N. Smorodskiy, A. S. Stepanenko // Nauchnyy vestnik Moskovskogo gosudarstvennogo tehnicheskogo universiteta grazhdanskoy aviacii. – 2017. – T. 20, № 4. – S. 114-126. – DOIhttps://doi.org/10.26467/2079-0619-2017-20-4-114-126.

11. Savina S. V. Ob inflyacionnom targetirovanii i ego aktualynosti / S. V. Savina // Samoupravlenie. – 2023. – № 6(139). – S. 286-287.

12. Sarkisyan S. S. Vliyanie pravila monetarnoy politiki na rezul'tativnost' targetirovaniya inflyacii / S. S. Sarkisyan // Nauchnye issledovaniya ekonomicheskogo fakul'teta. Elektronnyy zhurnal. – 2020. – T. 12, № 1(35). – S. 7-30.

13. Sittaro R. V., Syupova M. S. Osnovnye modifikacii krivoy Fillipsa //Uchenye zametki TOGU. – 2017. – T. 8. – №. 3. – S. 255-260.

14. Suharev O. S., Afanas'eva O. N. Raspredelenie vliyaniya instrumentov monetarnoy i fiskal'noy politiki po tehnologicheskim ukladam i sektoram ekonomiki //Finansy: teoriya i praktika. – 2023. – T. 27. – №. 3. – S. 6-16.

15. Gosteva, J. S. Inflation targeting as a method of struggle with inflation / J. S. Gosteva // Languages in professional communication : Sbornik materialov mezhdunarodnoy nauchno-prakticheskoy konferencii prepodavateley, aspirantov i studentov, Ekaterinburg, 28 maya 2020 goda / otvetstvennyy redaktor L. I. Korneeva. – Ekaterinburg: OOO «Izdatel'skiy Dom «Azhur», 2020. – P. 32-38.

Login or Create
* Forgot password?