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Title: | The establishment of the inflation target and the corridor of fluctuations of the target: analysis of world trends and practice in Ukraine |
Authors: | Брітченко, Ігор Геннадійович Britchenko, Igor Shapran, Vitaliy |
Keywords: | inflation, inflation target, monetary policy, development markets, monetary transmission, prime rates, credit markets, monetary regime |
Issue Date: | 29-Sep-2021 |
Publisher: | VUZF review |
Citation: | Britchenko I. The establishment of the inflation target and the corridor of fluctuations of the target: analysis of world trends and practice in Ukraine/Shapran V., Britchenko I.//VUZF Review. – VUZF, Sofia (Bulgaria). - № 6(3). - 2021. - P. 13 - 20. |
Abstract: | The article presents an analysis of global trends in setting the inflation target and the acceptable corridor of inflation target fluctuations. Inflation targeting is an important attribute of the monetary regime of inflation targeting, its main quantitative parameter. The tendency of the inflation targeting regime in 70 countries all over the world are considered, of which 41 countries have official recognition by the International Monetary Fund (IMF) regarding the inflation targeting regime. It was found that most countries set the inflation target at 5% or below, and the level of the corridor of fluctuations in relative terms hovers around 20-50% of the target value. The latest trends related to changes in the monetary policy of the European Central Bank have been studied, recommendations for determining the acceptable corridor of fluctuations of the inflation target in small and open economies on the example of Ukraine are provided. |
Description: | The article presents an analysis of global trends in setting the inflation target and the acceptable corridor of inflation target fluctuations. Inflation targeting is an important attribute of the monetary regime of inflation targeting, its main quantitative parameter. The tendency of the inflation targeting regime in 70 countries all over the world are considered, of which 41 countries have official recognition by the International Monetary Fund (IMF) regarding the inflation targeting regime. It was found that most countries set the inflation target at 5% or below, and the level of the corridor of fluctuations in relative terms hovers around 20-50% of the target value. The latest trends related to changes in the monetary policy of the European Central Bank have been studied, recommendations for determining the acceptable corridor of fluctuations of the inflation target in small and open economies on the example of Ukraine are provided. |
Type: | Text |
Publication type: | Стаття |
URI: | https://dspace.uzhnu.edu.ua/jspui/handle/lib/36710 |
ISSN: | 2534-9228 |
Appears in Collections: | Наукові публікації кафедри фінансів і банківської справи |
Files in This Item:
File | Description | Size | Format | |
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2_Shapran_Britchenko_6(3)_13-19.pdf | стаття | 347.61 kB | Adobe PDF | View/Open |
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