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Finance and Credit
 

Modern monetary policy of Russia: guidelines and evaluationof results

Vol. 20, Iss. 30, AUGUST 2014

Available online: 7 August 2014

Subject Heading: MONETARY POLICY

JEL Classification: 

Pages: 2-10

GolodovaZh.G. People's Friendship University of Russia, Moscow, Russian Federation
golodova@yandex.ru

The article notes that economic growth, which influences the level of expenditures of economic entities, households and the State, depends on monetary policy. This policy acquires particular importance in times of global crises that lead to additional negative impact of external factors. Despite the fact that the central banks in all countries while implementing monetary policy use the same set of tools, in some cases, it is possible to achieve a positive effect and in some it is not possible. The author makes an assessment of measures and results of the monetary policy pursued by the Bank of Russia in 2000-2012.

Keywords: monetary policy, monetary regulation instruments, money supply, monetary aggregate, money demand, monetary policy effectiveness

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