The Nature and Mechanisms of a Modern Anti-inflationary Policy in Russia
Abstract
The article analyses the concept and reasons of inflation in Russia as well as effectiveness of monetary policy when controlling inflation. The author makes the conclusion that present monetary policy is incapable to low the inflation and does not allow to fully use money resources for economic growth. On the base of disadvantages marked, the author gives some recommendations for the monetary policy rationalization.
Keywords:
MONETARY POLICY, INFLATION, CENTRAL BANK RATE, ECONOMIC GROWTH
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.