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Ukraine, which de facto transitioned to inflation targeting with a managed float in 2015 after a long period of pegged … actually observed. The proposed modification is relevant for inflation targeting regimes with foreign exchange interventions as …
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The paper explains the expediency of developing an explicit rule of monetary policy for the economy of Ukraine. It studies the stages of its development, proving the expediency of formation of monetary rules for money aggregates, evaluates equilibrium values of the rule's parameters based on the...
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deficits and private foreign debt, currency mismatches, and high inflation, while public finances were in good shape. The … of the world. The five currency boards in the region have lacked credibility. By contrast, inflation targeting has worked …
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