The Evolution of Inflation Targeting Regime: Analyzing the Foreign Experience
Journal Title: Бізнес Інформ - Year 2016, Vol 7, Issue
Abstract
The article is aimed at studying the inflation targeting and the necessary conditions for implementing this monetary regime. Analyzing and generalizing the results of the researches by several scientists, international organizations, and central banks, the evolution of inflation targeting regime along with the need for introduction of a more flexible monetary policy have been considered. The progressive experience as to the implementation of inflation targeting in the foreign countries has been studied. It has been found that in both developed and developing countries, an introduction of inflation targeting provides to not only reduce inflation and maintain its level within the inflation target, but also reduce volatility of other macroeconomic indicators. It has been proven that a prerequisite for the introduction of inflation targeting is independence of central bank, a robust system for economic analysis and prognosis, transparency of the central bank activities. Further research in this direction can be directed to the development and implementation of effective mechanism for inflation targeting in Ukraine.
Authors and Affiliations
Tetiana Slipchenko
Keywords
Related Articles
- EP ID EP133672
- DOI -
- Views 109
- Downloads 0
Mathematic-Statistical Substantiation of Assessment of Student's Knowledge During Testing
A formalised approach to transformation of a number of correct answers of a student into a scale of traditional marks, based on the mathematic-statistical theory of testing hypotheses, is discussed in the article.
Management of Resources of a Water Supply Utility With Consideration of Uncertainty of Influence of Internal and External Environment
The article checks factors of influence on the forms and essence of the production process of the repair utility in the sphere of water supply and drain of a megapolis. It analyses the economic category "resource potenti...
Analysis and Forecasts of Development of the World Economy, Ukrainian Economy and Economies of Middle East Countries for 2013-2014
The article considers forecasts on prospects of co-operation of Ukraine and Middle East countries. The forecasts are expressed, first of all, in development of co-operation between countries, development and realisation...
State Cluster Policy in the Context of the Formation of an Innovative Model of Development of the National Economy
The purpose of the article is to study the current state of existing obstacles to progress in the clustering process in the national economy of Ukraine, the nature and justification of components of the state of cluster...
Factorial Analysis of Factors of the Innovation Development of the Plant Growing Enterprises
In the article, formation of factors of the direct and indirect influence, affecting the development of the plant growing enterprises, is analyzed. The factors have been classified by various characteristics, taking into...