Modeling of key policy rate using system dynamics approach
Loading...
Date
2020
Authors
Vol, Olena
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
Optimal monetary policy ensures price stability and general trust of the
nation’s currency. It also contributes to the stability of gross domestic product, low
unemployment, and predictable exchange rates with other currencies. In Ukraine, the
authority responsible for monetary policy is the National Bank of Ukraine. The
NBU’s monetary policy prioritizes achieving and maintaining price stability, meaning
low and stable inflation, which protects the incomes and savings of the households
from depreciation and enables entrepreneurs to make long-term investments in the
domestic economy, creating jobs.
Description
Keywords
inflation, monetary policy, key policy rate, conference materials
Citation
Vol O. Modeling of key policy rate using system dynamics approach / Vol Olena // 3rd Annual Research Conference "Theory and practice of system dynamics in finance" : proceedings, December 7, 2020, Kyiv / ed. by Olena Primierova ; National University of Kyiv-Mohyla Academy, Department of Finance, Center of Financial and Economic Research [et al.]. - Kyiv : [Інтерсервіс], 2020. - P. 92-97.