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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.
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
Publisher
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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)

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