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Monetary policy regimes in Russia: Guidelines for further quantitative studies

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  • A. Pestova

Abstract

This paper analyzes the basic parameters of monetary policy in 2000-2015 in Russia. We provide the overview of tools and objectives of monetary policy of the Bank of Russia and identify the periods of homogeneity of monetary policy regimes: from money base targeting to exchange rate targeting and finally, to interest rates policy. On the basis of this research we develop the recommendations for further quantitative research aimed at estimation of monetary policy effects in Russia.

Suggested Citation

  • A. Pestova, 2017. "Monetary policy regimes in Russia: Guidelines for further quantitative studies," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 4.
    • Handle: RePEc:nos:voprec:y:2017:id:293
    DOI: 10.32609/0042-8736-2017-4-38-60
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    File URL: https://www.vopreco.ru/jour/article/viewFile/293/293
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    Cited by:

    1. Daniil Lomonosov, 2023. "Shocks of Business Activity and Specific Shocks to Oil Market in DSGE Model of Russian Economy and Their Influence Under Different Monetary Policy Regimes," Russian Journal of Money and Finance, Bank of Russia, vol. 82(4), pages 44-79, December.

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