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ИД «Финансы и кредит»






Digest Finance

Inflation targeting regime in the Russian economy

Vol. 29, Iss. 1, MARCH 2024

PDF  Article PDF Version

Received: 22 January 2024

Received in revised form: 13 February 2024

Accepted: 11 March 2024

Available online: 28 March 2024


JEL Classification: Е31, E42, Е50, Е52

Pages: 34–56


Valerii V. SMIRNOV I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation


Subject. This article discusses the issues related to the inflation targeting regime in the Russian economy.
Objectives. The article aims to assess the impact of the inflation targeting regime on the Russian economy.
Methods. For the study, I used analysis and synthesis, special economic and mathematical methods, correlation and regression analysis, and the graphical method.
Results. The article covers the impact of the inflation targeting regime on the Russian economy in the context of numerous aspects and positions. It reveals that the inflation targeting regime for the Russian economy causes the depreciation of ruble liabilities, increasing the requirements for guarantees of their high profitability.
Conclusions. The impact of the inflation targeting regime on the Russian economy, which is ultimately expressed in the depreciation of ruble liabilities and the devaluation of the ruble, in the context of a decrease in the gold content of the average monthly nominal accrued wages of employees in a full range of organizations, informs the authorities about the possibilities of stimulating the growth and development of the Russian economy.

Keywords: ruble devaluation, money supply, wage, regime, inflation targeting


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March 2024