Matches in SemOpenAlex for { <https://semopenalex.org/work/W4382883083> ?p ?o ?g. }
Showing items 1 to 79 of
79
with 100 items per page.
- W4382883083 endingPage "78" @default.
- W4382883083 startingPage "67" @default.
- W4382883083 abstract "Introduction. Inflation targeting is a tool for ensuring price stability in the economy and therefore requires harmonious coordination and communication among government institutions. At the same time, the central bank must adhere to a certain policy instrument, the established legal rules, which are fixed in its mandate, or act at its discretion. Nowadays, the most common rule of monetary policy is inflation targeting.
 Aim and tasks. The purpose of the article is to explain the expediency of using the inflation targeting regime to keep inflation at a certain target level, which is determined by the central bank taking into account the current state of the economy.
 Results. The theoretical model of Taylor is considered, which is based on inflation assessment in the form of a simple interest rate rule based on monetary policy instruments that ensure convergence of the inflation forecast to the target value in the medium term. The obtained results reflect the volatility of the indicators of the objective function in the data range of 2015 Q3–2021 Q2 and confirm the weight of the gap of variable values that are estimated to be insignificant (95%). Using the GMM method, the relationship between the indicators of the objective function and their impact on the inflation rate through the use of the inflation targeting regime was verified. In particular, the volatility of variables such as the inflation gap, short-term interest rate, output gap, and exchange rate gap and their impact on the target inflation rate was revealed on the time horizon of monetary policy. Smoothing out gaps in variables is one of the goals of the central bank's reaction function under the inflation targeting regime. The use of the GMM method confirms the validity of the application of Taylor's rule regarding the feasibility of choosing an objective function with predetermined variable parameters at different sampling intervals.
 Conclusions. The increase in the volatility of variable parameters in the objective function of central banks under the inflation targeting regime is explained by global crises and the sensitivity of macroeconomic indicators to fluctuations in the economic situation. This is the main reason why central banks strictly follow the rules of monetary policy, which allow the timely smoothing of exogenous shocks in the economy." @default.
- W4382883083 created "2023-07-02" @default.
- W4382883083 creator A5029497541 @default.
- W4382883083 creator A5032840636 @default.
- W4382883083 creator A5033700724 @default.
- W4382883083 creator A5070202883 @default.
- W4382883083 date "2023-06-30" @default.
- W4382883083 modified "2023-09-24" @default.
- W4382883083 title "Inflation Targeting As a Tool for Maintaining Price Stability of The National Bank of Ukraine" @default.
- W4382883083 doi "https://doi.org/10.31520/2616-7107/2023.7.2-5" @default.
- W4382883083 hasPublicationYear "2023" @default.
- W4382883083 type Work @default.
- W4382883083 citedByCount "0" @default.
- W4382883083 crossrefType "journal-article" @default.
- W4382883083 hasAuthorship W4382883083A5029497541 @default.
- W4382883083 hasAuthorship W4382883083A5032840636 @default.
- W4382883083 hasAuthorship W4382883083A5033700724 @default.
- W4382883083 hasAuthorship W4382883083A5070202883 @default.
- W4382883083 hasBestOaLocation W43828830831 @default.
- W4382883083 hasConcept C121332964 @default.
- W4382883083 hasConcept C126285488 @default.
- W4382883083 hasConcept C139719470 @default.
- W4382883083 hasConcept C149782125 @default.
- W4382883083 hasConcept C154815372 @default.
- W4382883083 hasConcept C162324750 @default.
- W4382883083 hasConcept C175025494 @default.
- W4382883083 hasConcept C17744445 @default.
- W4382883083 hasConcept C185824701 @default.
- W4382883083 hasConcept C188466206 @default.
- W4382883083 hasConcept C199539241 @default.
- W4382883083 hasConcept C200941418 @default.
- W4382883083 hasConcept C2775884135 @default.
- W4382883083 hasConcept C2778222704 @default.
- W4382883083 hasConcept C2778774626 @default.
- W4382883083 hasConcept C2779513878 @default.
- W4382883083 hasConcept C2992735868 @default.
- W4382883083 hasConcept C33332235 @default.
- W4382883083 hasConcept C556758197 @default.
- W4382883083 hasConcept C91602232 @default.
- W4382883083 hasConceptScore W4382883083C121332964 @default.
- W4382883083 hasConceptScore W4382883083C126285488 @default.
- W4382883083 hasConceptScore W4382883083C139719470 @default.
- W4382883083 hasConceptScore W4382883083C149782125 @default.
- W4382883083 hasConceptScore W4382883083C154815372 @default.
- W4382883083 hasConceptScore W4382883083C162324750 @default.
- W4382883083 hasConceptScore W4382883083C175025494 @default.
- W4382883083 hasConceptScore W4382883083C17744445 @default.
- W4382883083 hasConceptScore W4382883083C185824701 @default.
- W4382883083 hasConceptScore W4382883083C188466206 @default.
- W4382883083 hasConceptScore W4382883083C199539241 @default.
- W4382883083 hasConceptScore W4382883083C200941418 @default.
- W4382883083 hasConceptScore W4382883083C2775884135 @default.
- W4382883083 hasConceptScore W4382883083C2778222704 @default.
- W4382883083 hasConceptScore W4382883083C2778774626 @default.
- W4382883083 hasConceptScore W4382883083C2779513878 @default.
- W4382883083 hasConceptScore W4382883083C2992735868 @default.
- W4382883083 hasConceptScore W4382883083C33332235 @default.
- W4382883083 hasConceptScore W4382883083C556758197 @default.
- W4382883083 hasConceptScore W4382883083C91602232 @default.
- W4382883083 hasIssue "2" @default.
- W4382883083 hasLocation W43828830831 @default.
- W4382883083 hasOpenAccess W4382883083 @default.
- W4382883083 hasPrimaryLocation W43828830831 @default.
- W4382883083 hasRelatedWork W1524427435 @default.
- W4382883083 hasRelatedWork W1580066537 @default.
- W4382883083 hasRelatedWork W2063292028 @default.
- W4382883083 hasRelatedWork W2098879838 @default.
- W4382883083 hasRelatedWork W2535270995 @default.
- W4382883083 hasRelatedWork W2953785527 @default.
- W4382883083 hasRelatedWork W3010998919 @default.
- W4382883083 hasRelatedWork W3125055042 @default.
- W4382883083 hasRelatedWork W3141005344 @default.
- W4382883083 hasRelatedWork W2185766104 @default.
- W4382883083 hasVolume "7" @default.
- W4382883083 isParatext "false" @default.
- W4382883083 isRetracted "false" @default.
- W4382883083 workType "article" @default.