policy. Throughout 1991 to 2010, fourteen completed cycles were identified in countries of Commonwealth of Independent States … economy was in the decline phase. The authors also analyzed the level of countercyclical monetary policy of central banks in … major economies of the CIS. The necessity of a more active countercyclical monetary policy in these countries was identified …

policy rule in Ukraine. Stages of the development of monetary rule are defined. Also we investigated basic forms of monetary … rule for Ukraine. We propose to use Benett McCallum's rule as a base form for the monetary policy rule in Ukraine economy …. We defined the parameters that may be included in the policy rule. Also was investigated the methods of calculation of the …