Skarednov E.V.Published in:
Global Markets and Financial Engineering (Russian version)
– Volume 3, Number 4 (October-December 2016)

JEL classification: G18, G32, G38

Keywords: financial instability, inflation, inflation targeting, inflationary targeting


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Abstract:

The inflation targeting regime has proved itself quite successful in the practice of implementing the monetary policy of dozens of states. However, in financial instability, traditional approaches to inflation targeting may not be effective enough, which shows itself in deviations of the inflation indicator from the target values and in the disorder of the transmission mechanism. Because of that some researchers suggest extending the mandates of central banks and even modifying the very inflation targeting regime.

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