Bank of Russia officials have recently declared the possibility of switching to the inflation targeting regime in the medium run. The article considers benefits and shortcomings of monetary policy regime as well as the economic performance of the inflation targeting countries. The authors...

The authors analyze the evolution of global ideas on the optimal monetary policy in the aftermath of the global economic crisis. The authors provide the basic principles of the pre-crisis monetary policy and show that after the crisis, they have not changed fundamentally. It is also argued that...

In this article the authors study individual issues of monetary integration in the Commonwealth of Independent States (CIS). The role of fiscal policy in the monetary union is analyzed from the perspective of the stabilization of economic development, and the stabilization policies of CIS...