Munich Personal RePEc Archive

Development of an explicit rule of monetary policy for the economy of Ukraine

Kozmenko, Serhiy and Savchenko, Taras (2013): Development of an explicit rule of monetary policy for the economy of Ukraine. Published in: Investment Management and Financial Innovations, , Vol. 10, No. 1 (1. March 2013): pp. 8-19.

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Abstract

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 use of the modified Hodrick-Prescott filter, and determines the possible parameters of the monetary rule and their estimated coefficients by developing multivariate regression models.

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