A Strategic Document on Monetary Policy for the Period of the Inflation Targeting Adoption in Ukraine
Journal Title: Visnyk of the National Bank of Ukraine - Year 2015, Vol 0, Issue 233
Abstract
The article explains why the Main Guidelines of Monetary Policy need to be adopted in a new format: A monetary policy strategy for 2016-2020. This document must combine the program component (goals, objectives and ways of achieving them) and communication component (explanations in understandable format). Based on international experience of inflation targeting central banks in devising strategic documents on monetary policy, the article offers a format of this document for Ukraine and the key provisions it should include. In particular, it explains the approaches to setting the document’s goals, use of the instruments necessary to achieve these goals, decision making procedures, declarations and application of an exchange rate regime, and also communication of monetary decision-making.
Authors and Affiliations
Volodymyr Lepushynskyi
Keywords
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- EP ID EP426755
- DOI 10.26531/vnbu2015.233.024
- Views 88
- Downloads 0
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