Affiliation:
1. Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration
2. Russian Presidential Academy of National Economy and Public Administration
Abstract
On the basis of studying the evolution of goals and objectives of the monetary authorities of a wide range of countries the authors argue the inexpediency of expanding the Bank of Russia’s mandate. It fits into international practice, and also meets the requirements and characteristics of the present stage of economic development. In the pursuit of price stability, the regulator not only maintains the stability of the national currency, as required by the its mandate, but also contributes to the acceleration of economic growth.
Subject
Economics and Econometrics,Finance
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