Development and application of the monetary rule for the base interest rate of the National Bank of Ukraine

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Title	Development and application of the monetary rule for the base interest rate of the National Bank of Ukraine
Other Titles	Розробка та застосування монетарного правила для основної процентної ставки Національного банку України
Authors	Kozmenko, S. Savchenko, Taras Hryhorovych Piontkovska, Ya.
ORCID	http://orcid.org/0000-0003-4793-054X
Keywords	monetary policy rule spread-adjusted Taylor rule central bank monetary market inflation targeting
Type	Article
Date of Issue	2014
URI	http://essuir.sumdu.edu.ua/handle/123456789/50817
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Citation	Kozmenko, S. Development and application of the monetary rule for the base interest rate of the National Bank of Ukraine / S. Kozmenko, T. Savchenko, Y. Piontkovska // Banks and Bank Systems – V. 9, Issue 3 – 2014 – pp. 50-58.
Abstract	The paper studies methodological approaches to the formation of monetary policy rules for the base interest rate of the National Bank of Ukraine demonstrating the expediency of their development on the basis of the spread-adjusted Tay- lor rule. It carries out the assessment of equilibrium values for the rule’s parameters by using a modified Hodrick- Prescott filter as well as the identification of the possible parameters of the monetary rule and the estimation of their coefficients through the development of multivariate regression models.
Appears in Collections:	Наукові видання (ННІ БТ)