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The role of monetary policy of the Bank of Russia in the state’s economic development


Oleg Dembilov
(about the author)

Dembilov Oleg E. – Postgraduate of the Economics Department (Kalmyk State University, Elista)

Published in:
Russian Journal of Entrepreneurship
– Volume 16, Number 20 (October, 2015)



Keywords: economic development, fixed capital investments, inflation, monetary policy of the Bank of Russia, money supply


Citation:
Oleg Dembilov (2015). The role of monetary policy of the Bank of Russia in the state’s economic development. Russian Journal of Entrepreneurship, 16(20), 3387-3398. doi: 10.18334/rp.16.20.2009


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Abstract:

This article considers the features of monetary policy implementation at the modern stage of development of economy; a modern econometric model of the influence of monetary policy on the economic growth is developed. Statistically significant equation of GDP dependence on the rate of inflation and money supply that can be used in practical forecast and analytical calculations is derived. 







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