Regulation of Economy through Monetary Policy: Empirical Analysis of Impact Channels in Case of Uzbekistan
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Abstract
Ensuring economic stability through monetary policy is a hard-to-accomplish but commonly accepted way of
regulating the economy in times of economic recovery or transition reforms. New landscape of global economic
environment clearly demonstrated that new age of monetary policy come with new ties of monetary policy and
economy. Turning the development target from fiscal to monetary policy required further research and
policymaking for economy-monetary policy linkages. This article studies the role of monetary policy in
regulating the economy in Uzbekistan in a rapid economic development phase.
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How to Cite
Duskobilov, U. (2020). Regulation of Economy through Monetary Policy: Empirical Analysis of Impact Channels in Case of Uzbekistan. Scientific Research Archive, 1(20). Retrieved from https://ejournal.tsue.uz/index.php/archive/article/view/2237
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2. Ireland, P. (2006). The Monetary Transmission Mechanism. Working Papers No. 06-1. Federal Reserve Bank of Boston. USA.
3. Petursson, T. (2001). The Transmission Mechanism of Monetary Policy. Monetary Bulletin. No.2001/4. Central Bank of Iceland. Iceland.
4. Amarasekara, C. (2008). The Impact of Monetary Policy on Economic Growth and Inflation in Sri Lanka. Central Bank of Sri Lanka Publications.Sri Lanka.
5. Iordachioaia, A. (2013). Monetary Policy and Economic Policy. Journal of Knowledge Management, Economics and Information Technology.No.11/2013. Romania.
6. Precious, C. and Palesa, M. (2014). Impact of Monetary Policy on Economic Growth: A Case Study of South Africa. Mediterranean Journal of Social Sciences. Vol.5. No.15. Italy.
7. Vinayagathasan, T. (2013). Monetary Policy and the Real Economy: A Structural VAR Approach for Sri Lanka. GRIPS Discussion Papers. No. 13-13. Japan.
8. Friedman, M. (1968). The Role of Monetary Policy. The American Economic Review. Vol. LVIII, No. 1. USA.
9. Bollard, A. and Hunt, C. (2005). Monetary Policy and Economic Performance: the Experience of New Zealand. Reserve Bank of New Zealand Bulletin, Vol. 68, No. 4. New Zealand.
10. World Bank. (2012). Global Financial Development Report 2013: Rethinking the Role of the State in Finance.Washington, DC: World Bank.