quantity theory of money

Analysis of the Inflation Targeting Policy Effectiveness in the Russian Economy

Introduction. One of the key directions of Russian development is the implementation of monetary policy, capable in case of transparent and clear goal setting, to achieve monetary regulation priorities. Theoretical analysis. The research is conducted on the analysis base of: main indicators of economic development, monetary regulation-experience of foreign countries, and assessment of the opportunities and challenges of policy implementation, selected by the Central Bank, in the context of economic openness. Results. The problem of the effectiveness of monetary policy, changes that affect the inflation in our country, which create new opportunities for development, the features of the activities of the Central Bank in the field of regulation of the economy by means of inflation targeting are scrutinized in this article. Conclusions. According to the results of the analysis concludes the need to substitute the practice of inflation targeting by more modern methods of countering inflation.