THE KEY RATE AS THE MAIN INSTRUMENT OF THE MONETARY POLICY OF THE BANK OF RUSSIA

2021 ◽  
Vol 3 (4) ◽  
pp. 116-121
Author(s):  
I. Yu. SKLYAROV ◽  
◽  
Yu. M. SKLYAROVA ◽  
L. A. LATYSHEVA ◽  
◽  
...  
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Regression Analysis ◽  
Commercial Banks ◽  
Multivariate Correlation ◽  
Factors Influencing ◽  
Main Instrument

The article examines the main instruments for implementing the monetary policy of the Bank of Russia. In this regard, it is necessary to monitor changes in the value of the key rate, which may affect the rate of economic growth in the country. Since commercial banks reduce interest on deposits, there is a decrease in the amount of deposited funds. This article discusses the technique of multivariate correlation-regression analysis. As a result of the study, the factors influencing the change in the level of the key rate were established.

scholarly journals Uticaj spoljne trgovine na ekonomski rast

2005 ◽  
Vol 50 (165) ◽  
pp. 145-164 ◽  
Author(s):  
Goran Nikolic
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Regression Analysis ◽  
Foreign Trade ◽  
Trade Liberalization ◽  
Trade Openness ◽  
Foreign Exchange Rate ◽  
Sustainable Growth ◽  
Fiscal And Monetary Policy ◽  
Trade And Growth

This paper presents a survey of a great number of recent studies which investigate relation between trade (trade openness) and economic growth by means of regression analysis. On the basis of this research, it can be concluded that there are no firm connections between foreign trade and growth but prevailing majority of studies show positive and statistically revealed moderately significant impact of foreign trade (trade openness) on growth. For developing and transition countries (such as Serbia), a more consistent trade liberalization would produce higher and hopefully sustainable growth of GDP, with reliance on prudent fiscal and monetary policy, stable and undiscriminatory foreign exchange rate and a lower level of corruption.

scholarly journals Fiscal Policy of Kosovo, Taxation and Reforms

2017 ◽  
Vol 9 (3) ◽  
pp. 1127-1131
Author(s):  
Bedri Statovci ◽  
Gani Asllani
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Economic Policy ◽  
Fiscal Policy ◽  
Private Sector ◽  
Policy Making ◽  
Policy Instruments ◽  
Primary Role ◽  
Fiscal Policies ◽  
Main Instrument

In Kosovo and in the new consolidating countries the fiscal policy plays the primary role in the functioning of the state, its institutions and economic growth in general. In the lack of monetary policy instruments, fiscal policy remains the only means available to the Kosovo Government for promoting investments in the private sector. Therefore, sound and prudent fiscal policies is key to maintaining macroeconomic stability, particularly when considering that fiscal policy is the main instrument of economic policy in Kosovo. Special emphases is given fiscal policies applied in Kosovo, its reforms, actions to be taken on the occasion of the policy-making reforms and finally are given appropriate recommendations. 

Is inflation targeting useful for economic growth?

2017 ◽  
pp. 62-74 ◽  
Author(s):  
P. Kartaev
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Test Performance ◽  
Inflation Targeting ◽  
Developing Economies ◽  
Empirical Studies ◽  
Growth Regime ◽  
Potential Channels

The paper presents an overview of studies of the effects of inflation targeting on long-term economic growth. We analyze the potential channels of influence, as well as modern empirical studies that test performance of these channels. We compare the effects of different variants of inflation targeting (strict and mixed). Based on the analysis recommendations on the choice of optimal (in terms of stimulating long-term growth) regime of monetary policy in developed and developing economies are formulated.

Solow economy model

2019 ◽  
pp. 150-157
Author(s):  
Oleksandr Synenko ◽  
Kateryna Yarema ◽  
Yuliia Bezsmertna
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
Solow Model ◽  
Economy Model ◽  
Accelerated Depreciation ◽  
Basic Parameters ◽  
The Subject ◽  
Investment Process ◽  
The Impact ◽  
Model Algorithm

The subject of the research is the approach to the possibility of using the Solow model to perform the regression analysis on the example of the Ukrainian economy model. The purpose of writing this article is to investigate the notion of regres- sion analysis, Solow’s economy model, algorithm for performing regression analy- sis on the example of Ukraine’s economy model. This model can be adapted for the economy of enterprises. Methodology. The research methodology is system-struc- tural and comparative analyzes (to study the structure of GDP); monograph (when studying methods of regression analysis on the example of the Ukrainian economy); economic analysis (when assessing the impact of factors on Ukraine’s GDP). The scientific novelty consists the features of the use of the Solow model on the ex- ample of Ukrainian economy are determined. An algorithm for calculating the basic parameters of a model using the Excel application package is disclosed. The main recommendations on the development of the national economy and economic growth through the use of macroeconomic instruments are given. Conclusions. The use of the Solow model enables forecasting and analysis. The results obtained re- vealed the problem of low resource return of capital as a resource, along with the means of macroeconomic regulation of the investment process, using which can improve the situation. A special place in these funds belongs to the accelerated depreciation and interest rate policies.

An Analysis of Restraints on Effective Demand for Loans in Rural China

2018 ◽  
Vol 6 (8) ◽  
pp. 107
Author(s):  
Wenjie Ma ◽  
Minxin He ◽  
Xinyu Zhong ◽  
Shengsong Huang
Keyword(s):  
Economic Growth ◽  
Migrant Workers ◽  
Rural Areas ◽  
Financial Services ◽  
Rural China ◽  
Strong Support ◽  
Effective Demand ◽  
Second Child ◽  
Factors Influencing ◽  
First Choice

China’s overall economic growth is, to a great extent, hindered by the lack of economic growth in rural areas. Based on data from the Thousand-Village Survey (2015) of 31 provinces conducted by Shanghai University of Finance and Economics, we conduct this empirical study to analyze the current state of rural financial services and the factors influencing effective demand for loans in rural China. Looking at the demand side, in 2014, only 13.91% farmers had loans, and only 15.53% of them made financial institutions their first choice when they needed loans. Clearly, there is still much to do with regard to inclusive finance. From the perspective of the supply side, only 43.86% of dispersed loans can be categorized as productive loans, further reflecting that the financial services industry does not provide strong support for rural economic growth. Further study shows that the main factors influencing effective demand for productive loans are the population age structure and the rate at which migrant workers return home. Therefore, the "Second-Child" policy and policies that encourage migrant workers to go back home to start businesses are of vital importance in order to raise effective financial demand in rural China.

Reducing the Risks of the Financial Sector to Ensure Sustainable Growth of the Russian Еconomy

2019 ◽  
Vol 12 (3) ◽  
pp. 86-92
Author(s):  
T. I. Minina ◽  
V. V. Skalkin
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Financial Sector ◽  
Developed Countries ◽  
Sustainable Growth ◽  
Necessary Condition ◽  
Real Sector ◽  
Financial Instruments ◽  
The Real ◽  
The Impact

Russia’s entry into the top five economies of the world depends, among other things, on the development of the financial sector, being a necessary condition for the economic growth of a developed macroeconomic and macro-financial system. The financial sector represents a system of relationships for the effective collection and distribution of economic resources, their deployment according to public demand, reducing the risk of overproduction and overheating of the economy.Therefore, the subject of the research is the financial sector of the Russian economy.The purpose of the research was to formulate an approach to alleviating the risks of increasing financial costs in the real sector of the economy by reducing the impact of endogenous risks expressed as financial asset “bubbles” using the experience of developed countries in the monetary policy.The paper analyzes a macroeconomic model applied to the financial sector. It is established that the economic growth is determined by the growth and, more important, the qualitative development of the financial sector, which leads to two phenomena: overproduction in the real sector and an increase in asset prices in the financial sector, with a debt load in both the real and financial sectors. This results in decreasing the interest rate of the mega-regulator to near-zero values. In this case, since the mechanisms of the conventional monetary policy do not work, the unconventional monetary policy is used when the mega-regulator buys out derivative financial instruments from systemically important institutions. As a conclusion, given deflationally low rates, it is proposed that the megaregulator should issue its own derivative financial instruments and place them in the financial market.

Credit Restriction or Economic Growth?

2019 ◽  
pp. 45-54
Author(s):  
E.Y. Sokolova ◽  
A.S. Tanasova
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Domestic Demand ◽  
Retirement Age ◽  
Inflation Expectations ◽  
Negative Consequences ◽  
Credit Restriction

At the end of 2018 — the very beginning of 2019 Russia faced negative consequences of the economic measures that took place in 2018, such as the retirement age rising, tightening sanctions against Russia, VAT rising which caused increased inflation expectations of people. The Bank of Russia increased the key rate in response. All these measures lead to decrease of domestic demand, and not stimulate economic growth. The article examines the possibility of using the monetary policy method of credit restriction to fulfil the presidential act to stimulate economic growth.

An Investigation on Extrinsic and Intrinsic Rewards on Employee Retention among Gen Y: A Study in Malaysian Manufacturing Companies

2020 ◽  
Vol 3 (1) ◽  
Keyword(s):  
Regression Analysis ◽  
Employee Retention ◽  
Future Research ◽  
Manufacturing Companies ◽  
Extrinsic Reward ◽  
Intrinsic Rewards ◽  
Gen Y ◽  
Intrinsic Reward ◽  
Factors Influencing ◽  
The Relationship

The aim of this study is to investigate the relationship between extrinsic and intrinsic reward on retention among Gen Y employees in Malaysian manufacturing companies. The data was collected from 113 respondents worked in manufacturing companies located in Seri Kembangan, Selangor using questionnaires. Multiple regression analysis was conducted to test the hypotheses. The results showed both extrinsic and intrinsic reward are the factors influencing retaining Gen Y in manufacturing companies. The discussion on the analysis, limitation of the study, recommendation for future research and conclusion were discussed at the end of this study. In a nutshell, it was proven extrinsic reward and intrinsic reward has contributed to the retention of Gen Y employees.

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