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The Mechanism of Monetary Transmissions in Russia

  • Elena Leontyeva


    (Russian Presidential Academy of National Economy and Public Administration)

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    Monetary policy measures are widely used in various countries the world to influence economic conditions. However, the efficiency of the impact of monetary policy on macroeconomic performance varies in different countries. Understanding the characteristics of the transmission mechanism of monetary policy, that is, the process of the impact of policy on the behavior of economic agents, the end result of which is the change of the main macroeconomic indicators will consider the impact of actions of monetary authorities to the individual agents. In this work analyzed in detail the mechanism of monetary transmission. Look at specifics of the main transmission channels and identified factors that influence their effectiveness. This chapter is analyzes the characteristics of the channels of transmission mechanism in Russia in the first decade of the XXI century.

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    Paper provided by Russian Presidential Academy of National Economy and Public Administration in its series Working Papers with number 29.

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    Length: 96 pages
    Date of creation: May 2013
    Date of revision:
    Handle: RePEc:rnp:wpaper:29
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