Monetary policy formation subject to exchange rate pass-through

Trunin Pavel Vyacheslavovich, Candidate of Science, Economics, Head of the Chair of Macroeconomics and Finances Scientific Field, Institute of Economic Policy named after Е.Т. Gaidar, Deputy Director, Center of the central banks problems study of the Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia

Ponomarev Yuriy Yuryevich, Postgraduate student, Institute of Economic Policy named after Е.Т. Gaidar, Research Officer, Institute of Applied Economic Researches of the Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia

Особенности формирования монетарной политики с учетом эффекта переноса колебаний валютного курса в цены - View in Russian

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Abstract:
The article analyzes monetary policy formation subject to the specifics of exchange rate pass-through. The authors consider questions of optimal monetary policy rules in presence of incomplete exchange rate pass-through effect, as well as exchange rate pass-through asymmetry. Substantiated the relationship between inflation and exchange rate pass-through.

Keywords:

asymmetry of exchange rate pass-through, exchange rate, inflation, monetary policy, pass-through, prices
Citation:
Pavel Trunin, Yuriy Ponomarev (2014). Monetary policy formation subject to exchange rate pass-through [Osobennosti formirovaniya monetarnoy politiki s uchetom effekta perenosa kolebaniy valyutnogo kursa v tseny]. Russian Journal of Entrepreneurship, 15(7). (in Russian)..


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