Frontiers of Monetary Policy: Global Trends and Russian Inflation Targeting Practices

Ksenia Yudaeva, Bank of Russia

Citation: Yudaeva, K. (2018). Frontiers of Monetary Policy: Global Trends and Russian Inflation Targeting Practices. Russian Journal of Money and Finance, v. 77(2), pp. 95-100.
doi: 10.31477/rjmf.201802.95

Abstract

The IMF published in April 2018 the book Advancing the Frontiers of Monetary Policy written by its experts and edited by Tobias Adrian, Douglas Laxton, and Maurice Obstfeld, providing a rare chance to learn the views of people who could be called the architects of inflation targeting. The book deals with practical issues of using this monetary policy regime which has quickly gained wide acceptance and is currently employed by central banks of most countries in the world. Some issues of inflation targeting policy further improvements brought up in the book are also relevant to Russia. 

Keywords: inflation targeting, monetary policy, central bank communications, financial stability, Bank of Russia
JEL: E58; E37; E47

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