Taras Savchenko
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5 publications
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571 downloads
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1908 views
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0 books
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Countercyclical monetary policy in major economies of the Commonwealth of Independent States
Serhiy Kozmenko
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Taras Savchenko
Investment Management and Financial Innovations Volume 8, 2011 Issue #4
Views: 599 Downloads: 142 TO CITE -
Assessment of financial convergence of Ukraine with the CIS countries and the European Union
Serhiy Kozmenko ,
Taras Savchenko ,
Dmytro Kazarinov
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Development of an explicit rule of monetary policy for the economy of Ukraine
Serhiy Kozmenko ,
Taras Savchenko
Investment Management and Financial Innovations Volume 10, 2013 Issue #1
Views: 699 Downloads: 171 TO CITE -
Development and application of the monetary rule for the base interest rate of the National Bank of Ukraine
Serhiy Kozmenko ,
Taras Savchenko ,
Yanina Piontkovska
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The impact of monetary policy transparency on inflation: the case of Ukraine
Serhiy Kozmenko ,
Taras Savchenko ,
Alona Zakutniaia
doi: http://dx.doi.org/10.21511/bbs.11(4).2016.08
This study presents empirical evidence on the impact of monetary policy transparency on inflation. A lot of studies analyzed how monetary policy transparency is entangled with inflation level from a theoretical point of view and came to contradictory results (some studies argued that transparency leads to lower inflation, others concluded that transparency results in higher prices). But this study is different from prior studies. Firstly, it looks at investigated issue empirically. Secondly, it considers for other causes of inflation and employs a panel data set on central bank transparency. Thirdly this paper investigates the issue associated with transparency in Ukraine. The authors find that transparency significantly reduces inflation rates in developed countries, but it is positively associated with inflation in Ukraine.
Keywords: central bank, monetary policy transparency, information disclosure, inflation.
JEL Classification: E52, E58, E59
