Monetary Measures of Macroeconomic Regulation of the National Economy(Pages 320-329)
Oleksandr Ivashyna1, Natalia Arkhireіska2, Adel Bykova3, Svitlana Ivashyna4,* and Luydmila Novikova5
1Full Doctor in Economics, Professor at the Department of Management of Foreign Economic Activity, University of Customs and Finance, Dnipro, Ukraine.
2PhD in Economics, Associate Professor at the Department of Banking and Financial Services, University of Customs and Finance, Dnipro, Ukraine.
3PhD in Economics, Head of the Department of Economics and Social and Labor Relations, University of Customs and Finance, Dnipro, Ukraine.
4PhD in Economics, Associate Professor at the Department of Banking and Financial Services, University of Customs and Finance, Dnipro, Ukraine.
5PhD in Economics, Associate Professor at the Department of Banking and Financial Services, University of Customs and Finance, Dnipro, Ukraine.
Monetary policy occupies one of the key positions in macroeconomic regulation, on the effective implementation of which the stability of economic growth, the reduction of unemployment to natural levels etc. The purpose of the study is to identify the results of the practical application of the monetary theory's theoretical generalisations for the use of effective monetary policy instruments in Ukraine under conditions of socio-economic instability and weak inclusive institutions of national economy development. The study systematises the main vectors of monetary policy improvement and possibilities of its adjustment. By analysing the key aspects of the institutional framework for monetary regulation under conditions of financial instability, it is established that, in coordinating fiscal and monetary policy, the independence of the central bank should be the primary condition for the construction of an optimal macroeconomic policy. The results of the study underline: price stability should be a prerequisite for the resumption of lending and economic activity after the recession caused by the cyclical crisis exacerbated by the COVID-19 pandemic. The results obtained provide insight into the current state and prospects of developing monetary policy in Ukraine, which in turn should be oriented not towards matching the exchange rate parameters with the volume of domestic government bonds issue (DGBs), but towards ensuring strict fiscal measures aimed at overcoming the effects of the budget crisis and achieving macroeconomic balance.
Inflation; macroeconomic management; monetary policy; monetary supply.
How to Cite:
Oleksandr Ivashyna, Natalia Arkhireіska, Adel Bykova, Svitlana Ivashyna and Luydmila Novikova. Monetary Measures of Macroeconomic Regulation of the National Economy. [ref]: vol.20.2022. available at: https://refpress.org/ref-vol20-a39/
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