Importance The problem of prudent monetary policy is crucial nowadays. One of the mitigating and prudential methods of regulating monetary policy adjustment is inflation targeting. In the transition to a floating exchange rate and an inflation-targeting regime in Russia, this subject is particularly important. Objectives I concentrate on the comprehensive analysis of initial conditions before the transition to inflation-targeting regime and building economic models after the transition. Methods In studying the peculiarities of transition to inflation targeting, I used economic modeling, synthesis method, and a retrospective analysis. The economic interpretation was carried out on the basis of classical economic models. Results Short-term results have been revealed and the medium-term results of transition to inflation targeting in Russia are modeled. Conclusions and Relevance I conclude that negative short-term results of the transition to inflation targeting are determined by the untimely transition. Significant specificity of the Russian economy in comparison with other countries requires a prudential approach. Macroeconomic and geopolitical conditions should be taken into account.
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