Open AccessCentral bank interest policy: conceptual concepts and socio-economic context
Author(s) -
А Н Сухарев,
С. Н. Смирнов
Publication year - 2021
Publication title -
laplage em revista
Language(s) - English
Resource type - Journals
ISSN - 2446-6220
DOI - 10.24115/s2446-622020217extra-e1232p.531-536
Subject(s) - interest rate , economics , monetary policy , context (archaeology) , central bank , taylor rule , monetary economics , macroeconomics , phenomenon , financial stability , financial system , geography , physics , archaeology , quantum mechanics
The article reveals the goals and mechanisms of the interest rate policy of the central bank. The role of the discount rate in ensuring financial and macroeconomic stability is shown. The Taylor rule is presented and justified in a modified form, by including the money supply parameter in it. The phenomenon of negative interest rates is revealed.