Assessing the Effectiveness of Monetary Policy of Central banks

Господарчук, Г Г; Zeleneva, Elena S.

doi:10.26794/2587-5671-2021-25-1-6-21

Cited by 7 publications

(1 citation statement)

References 17 publications

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“…Effectiveness is the utilization of resources, facilities and infrastructure in a certain amount that is consciously determined beforehand to produce a number of jobs on time (Bali, Capano, & Ramesh, 2019;Gospodarchuk & Zeleneva, 2021;Razumovskaia, Yuzvovich, Kniazeva, Klimenko, & Shelyakin, 2020). Effectiveness is related to the implementation of all main tasks, The poverty reduction program in Sinjai Regency which is still a polemic, including data from the Sinjai Regency statistical agency, from the number of poor people in Sinjai Regency from 2017 to 2018 has increased from 22,250 people to 22,478 people.…”

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confidence: 99%

The Effectiveness of the Implementation of the Family Hope Program in North Sinjai District

Wahid

Nawawi

Nurlina

2021

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The Family Hope Program is a program initiated by the government of the Ministry of Social Affairs, where this program provides conditional non-cash assistance to Beneficiary Families. This study aims to determine the effectiveness of the implementation of the Family Hope Program (PKH) in North Sinjai District, Sinjai Regency. Collecting data in this study interviews and documentation. data were analyzed using qualitative analysis. The results showed that the effectiveness of the Family Hope Program in North Sinjai District, Sinjai Regency using 3 indicators of the effectiveness approach proposed by Martani and Lubis, namely the source approach, process approach and target approach. From some of these approaches, the results of the study show that it is less effective because the Integrated Data on Social Welfare (DTKS) of social assistance programs for the family of hope still uses old data, socialization and coordination of village officials and related parties are still lacking and in verifying commitment criteria Social welfare components are vulnerable. quite a long time, namely once a year. It is hoped that there will be an update of the Integrated Social Welfare Data a maximum of once every six months, there needs to be socialization and coordination between the Kelurahan apparatus and related parties as well as in verifying the commitment to the criteria for the PKH social welfare component, which is vulnerable every three months in order to find out the latest condition of the Beneficiary Family). Lack of socialization and coordination with village officials and related parties as well as in verifying the commitment of the criteria. The social welfare component has a relatively long time span, which is once a year. It is hoped that there will be an update of the Integrated Social Welfare Data a maximum of once every six months, there needs to be socialization and coordination between the Kelurahan apparatus and related parties as well as in verifying the commitment to the criteria for the PKH social welfare component, which is vulnerable every three months in order to find out the latest condition of the Beneficiary Family (KPM). lack of socialization and coordination with village officials and related parties as well as in verifying the commitment of the criteria. The social welfare component has a fairly long time span, which is once a year. It is hoped that there will be an update of the Integrated Social Welfare Data a maximum of every six months, there needs to be socialization and coordination between the Kelurahan apparatus and related parties as well as in verifying the commitment to the criteria for the social welfare component of PKH, which is vulnerable every three months in order to find out the current condition of the Beneficiary Families (KPM).

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Section: Introductionmentioning

confidence: 99%

The Effectiveness of the Implementation of the Family Hope Program in North Sinjai District

Wahid

Nawawi

Nurlina

2021

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Does the monetary policy of the United States affect the consumer price inflation in Russia?

Tenkovskaya

2023

Proceedings of Voronezh State University. Series: Economics and Management

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Subject. The economic environment in Russia, similar to other countries, is represented by the consumer price index. It is regulated by the monetary policy of the Central Bank of the Russian Federation. Since Russia participates in international economic relations, its economic environment is affected by the monetary policy of the USA, because this country plays the greatest role in the global economy and the global economic system as a whole. At the moment, the monetary policy of the Federal Reserve System of the USA has a stronger impact on consumer price inflation in Russia than the monetary policy of the Central Bank, because the US economy is significantly larger than the Russian economy. Specifically, an increase in money supply in the USA, required to stimulate economic activity in the country, can accelerate the growth of the consumer price index in our country. It is therefore important to build economic and mathematical models in order to predict the consumer price index in Russia based on the indicators of the CB and the FRS. Purpose. The purpose of our study was to determine the effect of the monetary policy of the CB and the FRS on the consumer price index in Russia and derive multiple autoregression equations in order to predict the consumer inflation rate in our country based on the indicators of the CB and the FRS. Methodology. In our study, we used general and specific scientific methods: analysis, synthesis, and statistical methods (correlation and regression analysis). The study was based on the analysis of relevant scientific literature and economic journals. Conclusions. The study determined that the monetary policy of the FRS directly affects the consumer price index in Russia. It also stresses the need to develop measures aimed at eliminating the side effects of the monetary policy of the FRS in Russia. The article demonstrates a strong negative effect of increased US money supply on the economic situation in Russia and a strong correlation between the M2 money supply in the USA, the US dollar index, and the consumer price index in Russia, as compared to a less significant impact of the key rate of the CB and the M2 money supply in Russia.

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The channels of an impact of a state monetary policy on the regional economy

Khudoborodov,

Radyukova

2024

jour

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Relevance. The unified state monetary policy is an important component of the state's economic policy and is aimed at achieving the long-term goal of economic development through ensuring price and financial stability. At the same time, an important limitation of monetary regulation is the use of money market management tools that affect the entire economy as a whole. As a result, monetary regulation, while effective at the level of the entire monetary system, may be suboptimal in certain regions. This problem can be considered most acutely in large federal states and supranational associations with territorial and economic diversity, for example, in the eurozone, the United States and Russia.The purpose is to identify channels for transmitting the effect of the use of monetary policy instruments on regional economic development in conditions of spatial heterogeneity. Objectives: to illustrate the statistical heterogeneity of spatial development, to determine the regional component of the main channels of the transmission mechanism of monetary policy; to consider possible distorting effects associated with interregional heterogeneity.Methodology. In this study, the following methods were used: statistical methods, the method of analyzing the sources of the problem under study, the comparative method.Results. The article substantiates the importance of considering spatial heterogeneity in the planning and implementation of monetary policy in Russia. Calculations of the regional heterogeneity of the main economic indicators have been carried out. The channels of transmission of interbank market rates to the regional level are considered and various views on the spatial and sectoral heterogeneity of the effects are presented.Conclusions. Based on the analysis of the economy's response to PREP shocks, general and economic factors that influence the response of regional systems when using PREP tools have been identified. It is concluded that it is necessary to take into account regional heterogeneity when conducting PREP, as well as to develop regional financial markets. The results obtained can be used for mathematical modeling purposes in further studies of the heterogeneity of the effect of monetary policy in the regions.

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Assessing the Effectiveness of Monetary Policy of Central banks

Cited by 7 publications

References 17 publications

The Effectiveness of the Implementation of the Family Hope Program in North Sinjai District

The Effectiveness of the Implementation of the Family Hope Program in North Sinjai District

Does the monetary policy of the United States affect the consumer price inflation in Russia?

The channels of an impact of a state monetary policy on the regional economy

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