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Finance and Credit
 

Targeting economic growth as dominant of monetary policy

Vol. 19, Iss. 11, MARCH 2013

Available online: 27 March 2013

Subject Heading: CREDIT AND MONETARY POLICY

JEL Classification: 

Ivanchenko I.S. Doctor of Economics, Professor, Department of Financial and Economic Engineering, the Rostov State Economic University
ivanchenko_is@mail.ru

In the article the problem of influence of inflationary targeting actual for Russia on economic growth is analyzed. Being guided by theoretical concepts of Keynesianism and monetarism, on the results of empirical researches of the Russian and foreign economists in this area, the conclusion is drawn that for acceleration of economic growth in the country transition would be rational to a new paradigm of monetary policy – to targeting of economic growth.

Keywords: monetary policy, inflation targeting, economic growth

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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