Evaluation of anti-inflationary monetary policy effectiveness for various groups of countries-Reference-Cited by-同舟云学术

Evaluation of anti-inflationary monetary policy effectiveness for various groups of countries

Published:2023-07-25 Issue:2 Volume:11 Page:68-77
ISSN:2713-1645
Container-title:UPRAVLENIE / MANAGEMENT (Russia)
language:
Short-container-title:Upravlenie

Author:

Bitkina I. K.¹^ORCID

Affiliation:

1. Volgograd Institute of Management – branch of the Russian Presidential Academy of National Economy and Public Administration

Abstract

The author examines the influence of various factors of cross-country development on the effectiveness of monetary policy in conditions of price instability. The main problem (subject) of the article is to study the influence of the structural and institutional features of the country that influence the dominant causes and nature of inflation. The purpose of the study is to determine the factors influencing the effectiveness of anti-inflationary monetary policy models for various groups of countries. Content analysis, benchmarking, logical analysis, descriptive analysis method were used as research methods. The scientific novelty of the study lies in assessing the effectiveness of anti-inflationary monetary policy for various countries according to their classification groups and substantiating the factors that determine the effectiveness of model approaches to anti-inflationary monetary policy. A decrease in efficiency means that the effect of using a tool decreases as its use increases. As a result of the study, the most effective channels of the transmission mechanism for various groups of countries are substantiated, depending on their structural and institutional features. The results of the study include conclusions about the influence of individual structural and institutional features on the dominant factors of inflation. It is also shown how this dependence affects the features of the monetary policy of the considered groups of countries in terms of inflation.

Publisher

State University of Management

Reference17 articles.

1. Aganbegyan A.G. (2015), “Six steps necessary to recover social and economic growth and to overcome stagnation, recession and stagflation”, Russian Journal of Money and Finance (Dengi i Credit), no. 2, pp. 7–13. (In Russian).

2. Bitkina I.K. (2021), “Anti-crisis policy of central banks: impact on regional financial markets”, In: Pronyajeva L.I. (ed.) Fundamental and applied research in the field of economics and finance. Collection of scientific articles of the VII International Scientific and Practical Conference, Orel December 2, 2021, part 1. Central Russian Institute of Management – RANEPA branch Publ. House, Orel, Russia, pp. 19–21. (In Russian).

3. Bobrova V.V., Protasov K.S. (2013), “Foreign direct investment in BRICS countries”, World Economy and International Relations, no. 2, pp. 26–35, https://doi.org/10.20542/0131-2227-2013-2-26-35 (in Russian).

4. Dzholdosheva D.S. (2018), “A new classification of political systems of countries with economies in transition”, Innovations and investments, no. 2, pp. 50–54. (In Russian).

5. Golovnin M.Yu., Nikitina S.A. (2015), “Monetary policy of Russia and institutional boundaries of the financial system”, Finance: Theory and Practice, no. 6, pp. 7–18. (In Russian).