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Finance and Credit
 

New view on the theory and practice of inflationary targeting

Vol. 20, Iss. 8, FEBRUARY 2014

Available online: 13 February 2014

Subject Heading: MONETARY SYSTEM

JEL Classification: 

Liferenko Yu.V. Candidate of Economic Sciences, associate professor of humanitarian, social and economic and legal disciplines, Tverskaya branch of the Moscow university of economy, statistics and informatics
LiferenkoJV@yandex.ru

In article it is noted that when carrying out monetary politicians heads of Bank of Russia consider as a priority fight against inflation. As the major tool inflationary targeting thus acts. The quantitative theory of money existing many centuries became a theoretical basis for it. Are investigated given to the theory and monetaristic practice corresponding to it in modern conditions. The conclusion is drawn on need of replacement of the monetaristic theory and practice of inflationary targeting by more modern methods of counteraction of inflation.

Keywords: inflation, targeting, quantitative theory of money, law of monetary circulation, real economy, reserve economy

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

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