Theoretical and institutional foundations of monetary policy

The article is devoted to the specific features of implementing monetary policy in planned and market economies. The theoretical foundations of the monetary policies of J.M. Keynes and M. Friedman are analyzed. Statistical data reflecting E. Gaidar’s monetary policy and its consequences are presented. The policy of the Central Bank in the post-reform period is evaluated. Calculations of the economy’s monetization coefficient are performed. The activities of the Central Bank of the Russian Federation are examined in the context of legislative norms.

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