scholarly journals ROLE OF MONETARY POLICY IN FINANCIAL SUPPORT OF ECONOMIC GROWTH OF THE RUSSIAN FEDERATION

2021 ◽  
pp. 5-11
Author(s):  
Elena Ivanovna Vorobyova
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Economic Policy ◽  
Financial Stability ◽  
Historical Analysis ◽  
The State ◽  
Negative Consequences ◽  
Monetary System ◽  
The Government

The monetary policy of the Central Bank of Russia is an integral part of the economic policy of the state, that is, the Bank of Russia, together with the government, determines the main parameters of the monetary system. However, the role of monetary policy in the socio-economic development of the state has not been sufficiently disclosed. The use of methods of monetary regulation can be effective only in combination with sound economic measures implemented by the government. The relevance of this topic lies in the fact that it is necessary to determine what methods of monetary regulation can ensure sustainable economic growth, as well as how monetary policy should be combined with national economic policy. For the purpose of research, various scientific methods and approaches were used, in particular, methods of theoretical analysis, economic and statistical methods, methods of comparison, analogy, historical analysis. As a result of the research, it was found that monetary policy is not consistent with the economic policy of the state. The use of the formed budget funds is not always expedient, which leads to such negative consequences as inflation, excessive polarization of the population’s income, and low rates of GDP development. The studies carried out made it possible to determine the main directions of monetary policy and a set of economic measures that can stop the fall of the national currency (devaluation), ensure financial stability and a gradual growth of GDP.

scholarly journals Fiscal Effects of Monetary Seigniorage: A Case Study of Pakistan

1994 ◽  
Vol 33 (4II) ◽  
pp. 1113-1119
Author(s):  
Kalbe Abbas ◽  
Tariq Mahmood
Keyword(s):  
Monetary Policy ◽  
Economic Policy ◽  
Interest Rate ◽  
National Income ◽  
Direct Control ◽  
Monetary Authorities ◽  
The Government ◽  
Macro Variables

The effects of monetary policy on key macro variables have been studied in the literature. In Pakistan most of these studies concentrate on exploring the interdependence of money supply, national income, inflation etc.1 One important, but neglected issue of monetary policy, is its fiscal effects. The fiscal and monetary authorities being parts of the total economic policy machinery, the role of monetary instruments in achieving fiscal objective should not be ignored. In countries like Pakistan where the central bank is under direct control of the government, fiscal policy is often made under the assumption that the monetary policy will be adjusted accordingly.2 There are a number of ways in which monetary policy may lead to fulfilment of some fiscal objectives. These include devaluation, change in interest rate and change in monetary base.

scholarly journals Financial security of a small open economy in conditions of globalization as a requirement for economic growth

2019 ◽  
pp. 9-24
Author(s):  
Piotr Komorowski
Keyword(s):  
Economic Growth ◽  
Open Economy ◽  
Financial Stability ◽  
Small Open Economy ◽  
Economic Security ◽  
The State ◽  
Financial Security ◽  
Special Significance

In the conditions of the globalization of economies the issue of financial stability, which is a condition for the economic security of the state, has acquired a special significance. The aim of the article is to determine the importance of the role of financial stability for maintaining economic security and economic growth and to validate the role of the Safety Network Institution in maintaining stability.

scholarly journals PERAN PEMERINTAH DALAM MEMBANGUN EKONOMI SYARIAH DI INDONESIA

Al-Risalah ◽  
2019 ◽  
Vol 10 (2) ◽  
pp. 18-54
Author(s):  
Husnul Khotimah Sylvia
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Role Of Government ◽  
The Government ◽  
Islamic Economic ◽  
Role Of The Government ◽  
Determining Factor ◽  
Policy Aspect

The role of the Government in developing and developing Islamic economics in Indonesia has a very urgent and important role capacity, because the determining factor for the sustainability of sharia economic development is the urgency of the government's role in several aspects; (1) The policy aspect ofunderstanding the role of government according to Islam, (2) the basic aspects of Islamic economic policy, (3) the policy aspects of understanding the Islamiceconomic system, (4) the policy aspects of fulfilling the law, (5) the policy aspects of governance execution and development. If the five aspects can be fulfilled and carried out, then it is assured that Indonesia will experience overall economic growth, all levels of society will increase and there will be no imbalanced economic inequality.

scholarly journals PERAN PEMERINTAH DALAM MEMBANGUN EKONOMI SYARIAH DI INDONESIA

Al-Risalah ◽  
2019 ◽  
Vol 9 (1) ◽  
pp. 17-52
Author(s):  
Husnul Khotimah Sylvia
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Role Of Government ◽  
The Government ◽  
Islamic Economic ◽  
Role Of The Government ◽  
Determining Factor ◽  
Policy Aspect

The role of the Government in developing and developing Islamic economics in Indonesia has a very urgent and important role capacity, because the determining factor for the sustainability of sharia economic development is the urgency of the government's role in several aspects; (1) The policy aspect of understanding the role of government according to Islam, (2) the basic aspects of Islamic economic policy, (3) the policy aspects of understanding the Islamic economic system, (4) the policy aspects of fulfilling the law, (5) the policy aspects of governance execution and development. If the five aspects can be fulfilled and carried out, then it is assured that Indonesia will experience overall economic growth, all levels of society will increase and there will be no imbalanced economic inequality.

Monetary policy in liberalized financial markets: the Mexican case

2021 ◽  
Vol 9 (1) ◽  
pp. 109-138
Author(s):  
Santiago Capraro ◽  
◽  
Carlo Panico ◽  
Keyword(s):  
Monetary Policy ◽  
Economic Policy ◽  
Financial Stability ◽  
Public Investment ◽  
International Competitiveness ◽  
Negative Consequences ◽  
Financial Industry ◽  
Negative Results ◽  
Institutional Organization ◽  
Productive Structure

The paper examines the behavior of monetary policy and the institutional organization of economic policy in Mexico during the years of financial liberalization and the outgrowth of the financial industry. It argues that these policies have favored monetary and financial stability at the cost of reducing investment and negatively affecting the strength of the productive structure and the international competitiveness of the economy. The paper argues that such negative results, with the passage of time, increase the odds that current monetary policy will become unable to pursue monetary and financial stability. Unlike other outstanding critical literature, the emphasis of our evaluation regarding current policy's negative consequences is on the reduction of public investment that the institutional organization of economic policy has produced, instead of the overvaluation of the real exchange rate. As a final point, the paper discusses how institutional organization can be reformed to avoid further weakening of the productive structure and international competitiveness of the Mexican economy.

scholarly journals Insights on monetary policy and public banking in Brazil (2008-2012)

Nova Economia ◽  
2016 ◽  
Vol 26 (1) ◽  
pp. 43-67
Author(s):  
Elena Soihet ◽  
Cesar Murilo Nogueira Cabral
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Economic Policy ◽  
Central Bank ◽  
Economic Environment ◽  
Economic Policies ◽  
Monetary Policies ◽  
Banking Policy ◽  
Policy Measures

Abstract: This paper aims to analyze the effect of monetary and banking policy during the subprime crises between 2008 and 2009 and afterwards (2010-2012). The main actions and the monetary policy of the Brazilian Central Bank are also discussed. We found that at the peak of the crisis, the main lever for restoration of the Brazilian economy was related to domestic economic policy measures, particularly the ones implemented by the main state-owned banks: Caixa Econômica Federal, Banco do Brasil and Banco Nacional de Desenvolvimento Econômico e Social. The supporting role of other economic policies and the external economic environment are also discussed here. The findings show that in the period immediately following the crisis, (2010-2012), both credit and monetary policies did not succeed in ensuring sustained economic growth.

THE INFLUENCE OF GOVERNMENT REGULATION ON FAIR SALARY

2017 ◽  
Author(s):  
Maryna Pyzhova ◽  
Keyword(s):  
Economic Growth ◽  
Trade Unions ◽  
Government Regulation ◽  
Social Protection ◽  
State Regulation ◽  
The State ◽  
Negative Consequences ◽  
Positive Role ◽  
Role Of The State

The article considers state regulation in terms of ensuring fair wages. It is noted that in the transition to a market economy there is a separation of interests of employees, employers and the state. An employee is objectively interested in this if the state and trade unions really guarantee him social protection. Characterizing the role of the state, it is indicated on the one hand that it acts as a subject of social partnership and directs its activities to economic growth. On the other hand, in the event of the need for a sharp increase in wages, the state, using the tax system and other indirect methods, is able to reduce the negative consequences for the entrepreneur from making such decisions. Depending on the influence of certain factors, there are notions of normative and positive role of the state. The question of the insolvability of the problem of measuring the amount of labor is raised. Emphasis is placed on the fact that work is the functioning of the employee, his appropriate activities in production or in the field of services, in the process of which he spends some physical energy and mental effort. It is determined that with the help of the mechanism of state regulation the conditions of balance of interests of all subjects of labor relations are created. The state performs the function of ensuring the general conditions of socio- economic growth. In this regard, both the types of regulation and the mechanism itself are changing, ie the changes relate to methods, methods of regulation. It is concluded that the state needs to take on the organizing function of setting reasonable prices for labor, taking into account differences in the qualifications of employees. Nowhere in the world are there such great differences in wages as in modern Ukraine, which differ in complexity. The transition to a policy of anticipatory growth of monetary income should not be too abrupt, should be manageable and take into account the real situation with the availability of goods and services.

Financial and monetary policy of the State and its impact on the income level and poverty reduction in Russia

2020 ◽  
Vol 26 (5) ◽  
pp. 964-990
Author(s):  
N.I. Kulikov ◽  
V.L. Parkhomenko ◽  
Akun Anna Stefani Rozi Mobio
Keyword(s):  
Monetary Policy ◽  
Household Income ◽  
Poverty Reduction ◽  
The State ◽  
Financial Policy ◽  
Gdp Growth ◽  
Tax Rate ◽  
Gdp Growth Rate ◽  
The Government ◽  
The Impact

Subject. We assess the impact of tight financial and monetary policy of the government of the Russian Federation and the Bank of Russia on the level of household income and poverty reduction in Russia. Objectives. The purpose of the study is to analyze the results of financial and monetary policy in Russia and determine why the situation with household income and poverty has not changed for the recent six years, and the GDP growth rate in Russia is significantly lagging behind the global average. Methods. The study employs methods of analysis of scientific and information base, and synthesis of obtained data. The methodology and theoretical framework draw upon works of domestic and foreign scientists on economic and financial support to economy and population’s income. Results. We offer measures for liberalization of the financial and monetary policy of the government and the Central Bank to ensure changes in the structure of the Russian economy. The proposed alternative economic and financial policy of the State will enable the growth of real incomes of the population, poverty reduction by half by 2024, and annual GDP growth up to 6 per cent. Conclusions. It is crucial to change budget priorities, increase the salaries of public employees, introduce a progressive tax rate for individuals; to reduce the key rate to the value of annual inflation and limit the bank margin. The country needs a phased program to increase the population's income, which will ensure consumer demand.

Problems Of Investment Attractiveness In The Economy Of Uzbekistan

GIS Business ◽  
2020 ◽  
Vol 15 (1) ◽  
pp. 241-245
Author(s):  
Khamrakulova O.D. ◽  
Bektemirov A.B.
Keyword(s):  
Economic Growth ◽  
Development Strategy ◽  
Private Property ◽  
Economic Reforms ◽  
The State ◽  
Structural Reforms ◽  
The Development Strategy ◽  
Macroeconomic Stability

The deepening of economic reforms in Uzbekistan is closely linked to the strengthening of macroeconomic stability and the maintenance of high rates of economic growth and competitiveness, the continuation of institutional and structural reforms to reduce the presence of the State in the economy, and the further strengthening of the protection of rights and the priority role of private property, as reflected in the Development Strategy for 2017-2021.

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.

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