№ 2017/1
MacroeconomicsBANDURA Oleksandr 1
1Institute for Economics and Forecasting, NAS of Ukraine
The efficiency of monetary (regulation) policy and sustainable growth
ABSTRACT ▼
The article deals with the main problems affecting the efficiency of regulation policy. The author proposes various guidelines to their solution based on his CMI-model of economic cycle. There is an empirical proof of this model’s general character as determining the calendar dates of the starting points for all cycles for such two completely different economies as the USA since 1970 and Ukraine since 1997. Author shows a quantitative relationship between the efficiency of regulation policy and sustainable growth. He makes an analysis on the efficiency of the US central bank’s "quantitative easing" of the monetary policy and demonstrates empirically the effect of this policy on the national economy. Proposed are some recommendations to increase the efficiency of Ukraine’s national monetary policy to provide a sustainable growth.
Keywords: monetary (regulation) policy, efficiency, targeting, business cycles, growth rate, recession, macroeconomic dynamics
JEL: E30, E31, E32, E37
| Article in Russian (pp. 77 - 93) | Download | Downloads :639 |
| Article in Ukrainian (pp. 77 - 93) | Download | Downloads :509 |
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English
Ukrainian 
