Search results
3260 documents found
boom/bust episodes observed during that period. Although this fact apparently deserves policy-
makers’ attention, it can hardly be considered robust evidence of such an
were
ambiguous and provided little information about monetary policy effects. One possible explanation is that the monetary
policy regime in Russia had undergone substantial transformation
HYSTERESIS EFFECT
REFERENCES
1. Balio, T., Bennett, A., Borensztein, E. (1999). ‘Monetary Policy in Dollarized Economies.’
Occasional Paper, No. 171, Washington: International Monetary Fund.
2.
monetary
analysis.” Monthly Bulletin, October.
12. Friedman, B.J. (2012) “Monetary Policy, Fiscal Policy, and the Efficiency of Our Financial
System: Lessons from the Financial
monetary policy responses depending on whether they originate from
demand or supply shocks (see e.g. ECB (2009) for a discussion).
From a monetary policy
2426
11.08.2017
some fruit and vegetables. This may also push inflation expectations up. A moderately tight monetary policy stance will mitigate inflation risks.
Preview photo: ffolas / shutterstock
2427
08.08.2017
Expert Council will help work out recommendations to establish the mega-regulator’s policy and strategy for the development and support of the Russian financial market.
2428
02.08.2017
2017, ‘On the Enactment of the Bank of Russia Payment System Management Policy’;
Bank of Russia Order No. OD-2162, dated 31 July 2017, ‘On Approval
2429
02.08.2017
household funds. In 2017, the bank pursued an aggressive household fund raising policy. The Bank of Russia has repeatedly applied supervisory measures to Joint-stock Commercial
2430
02.08.2017
harvest may also have a positive impact on household sentiment. As monetary policy is set to remain moderately tight, sustained inflation close to the 4