Russia's Monetary Policy
AbstractThis article addresses monetary policy issues that must be resolved for the Russian economy's transition to innovation-based development. All monetary policy objectives must be achieved, not just reduced to inflation targeting. A systemic, structural approach to monetary policy is suggested. The elaborated package of monetary policy tools would ensure greater efficiency of innovation-based economic development. Reasons are given for the lowered Central Bank of Russia's discount rate. Some general conclusions are drawn concerning the new experience of government regulation under the conditions of the world financial crisis.
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Bibliographic InfoArticle provided by M.E. Sharpe, Inc. in its journal Problems of Economic Transition.
Volume (Year): 51 (2009)
Issue (Month): 9 (January)
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Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=106047
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