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Research. January, 2003.
2. Bloom N., Baker S., Davis S. Measuring Economic Policy Uncertainty // THE
QUARTERLY JOURNAL OF ECONOMICS. November, 2016.
3. Doms M., Morin
economic feasibility of the current moderately tight
monetary policy, which ensures macroeconomic stability, and a responsible fiscal policy.
Nonetheless, the stability delivered so far is
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31.10.2017
economic growth will reach 1.7-2.2% in 2017.
Moderately tight monetary policy will create the necessary conditions for anchoring inflation at about 4% and
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27.10.2017
Bank of Russia’s ongoing transition from moderately tight to neutral monetary policy is gradual.
Moving forward, the Bank of Russia’s key rate decisions
into two periods – ‘before the policy launch’ and ‘after the policy
launch’ – and compared them. We consider that the policy was launched in October 2013.
draw
a number of conclusions for the regulator’s policy:
1. The transmission of monetary policy to consumer lending may prove weaker than
commonly assumed.
65
2. MAIN INDICATORS AND INSTRUMENTS OF THE BANK OF RUSSIA MONETARY POLICY
2.1. The Bank of Russia Balance Sheet...........................................................................................................................................66
2.2. The
price stability ................................................................................................................................53
II.1.1. Monetary policy objectives and key measures.................................................................................53
II.1.2. Monetary policy instruments ............................................................................................................55
II.2. Ensuring financial market
s Policy Portal. February
2017.
22. Cerutti E., Claessens S., Laeven L. The use and effectiveness of macroprudential policies: new
evidence // CEPR`s Policy Portal.
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19.10.2017
inflation expectations and growing confidence in the Bank of Russia’s monetary policy consolidate the basis for inflation stabilisation at a low rate near 4