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Assessing the impact of the instruments of monetary policy on achieving objectives of the central bank of RF

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  • E. Fedorova
  • A. Lysenkova

Abstract

In this paper, using an econometric model (the model with Markov switchings), monetary policy of the Russian Federation in 2001—2011 is studied, based on the Taylor rule. CBR’s policy priorities in relation to inflation and the exchange rate in the given period are identified. Monetary tools are revealed, which support the mode selected by the CBR.

Suggested Citation

  • E. Fedorova & A. Lysenkova, 2013. "Assessing the impact of the instruments of monetary policy on achieving objectives of the central bank of RF," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 9.
    • Handle: RePEc:nos:voprec:y:2013:id:574
    DOI: 10.32609/0042-8736-2013-9-106-118
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