Impact of monetary policy on economic growth in developing countries for 1990-2015 (Malaysia model)

2019 ◽  
pp. 16
Author(s):  
Fadhel Jawid Awad
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Economic Policy ◽  
Development Process ◽  
The Core ◽  
Key Indicator ◽  
The One ◽  
Effect Of Monetary Policy ◽  
The Impact ◽  
Do So

Monetary policy is an important part in the general economic policy, most countries seek various economic doctrines to make the tools of monetary policy leads compatible with its objectives, including economic policy and the adequacy of work to do so.  The economic growth highlights the importance of a key indicator of economic activity in the country and whether it was in favor of the recession or prosperity and that the basic outcome of the development process, it is important that the study of the effect of monetary policy in the economic growth achieved. Perceived from the facts that there was a relationship between the nature of the monetary policy adopted in the country and the economic growth achieved by it, the core of the problem of research is the following question: is there an effect of monetary policy in the growth performance and the nature of the impact, if any.             In the same subject, Malaysia is one of those states that seek to achieve development and economic growth. And there is a strong correlation between the success of monetary policy in the use of tools to achieve its objectives on the one hand and between economic growth and development, on the other.

scholarly journals The Effect of Monetary Policy on the General Price Level in the Republic of Congo

2020 ◽  
Vol 12 (10) ◽  
pp. 96
Author(s):  
Bambi Prince Dorian Rivel ◽  
Ying Yirong
Keyword(s):  
Monetary Policy ◽  
Linear Regression ◽  
Price Level ◽  
Republic Of Congo ◽  
General Price Level ◽  
Republic Of The Congo ◽  
The Republic ◽  
The One ◽  
Effect Of Monetary Policy ◽  
The Impact

The objective of this present work was to analyze the impact of monetary policy on the price level in the Republic of Congo over the period from 1998 to 2019. The linear regression model is the one that was used to carry out our study and the results obtained show that the monetary policy of the Bank of Central African States in the Republic of the Congo has achieved its objective of stabilizing prices, with the money supply positively influencing the price level, i.e. 33.3% of the increase in the general price level is explained by the good monetary policy of the Bank of Central African States in the Republic of Congo during the period 1998 to 2019.

Reducing the Risks of the Financial Sector to Ensure Sustainable Growth of the Russian Еconomy

2019 ◽  
Vol 12 (3) ◽  
pp. 86-92
Author(s):  
T. I. Minina ◽  
V. V. Skalkin
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Financial Sector ◽  
Developed Countries ◽  
Sustainable Growth ◽  
Necessary Condition ◽  
Real Sector ◽  
Financial Instruments ◽  
The Real ◽  
The Impact

Russia’s entry into the top five economies of the world depends, among other things, on the development of the financial sector, being a necessary condition for the economic growth of a developed macroeconomic and macro-financial system. The financial sector represents a system of relationships for the effective collection and distribution of economic resources, their deployment according to public demand, reducing the risk of overproduction and overheating of the economy.Therefore, the subject of the research is the financial sector of the Russian economy.The purpose of the research was to formulate an approach to alleviating the risks of increasing financial costs in the real sector of the economy by reducing the impact of endogenous risks expressed as financial asset “bubbles” using the experience of developed countries in the monetary policy.The paper analyzes a macroeconomic model applied to the financial sector. It is established that the economic growth is determined by the growth and, more important, the qualitative development of the financial sector, which leads to two phenomena: overproduction in the real sector and an increase in asset prices in the financial sector, with a debt load in both the real and financial sectors. This results in decreasing the interest rate of the mega-regulator to near-zero values. In this case, since the mechanisms of the conventional monetary policy do not work, the unconventional monetary policy is used when the mega-regulator buys out derivative financial instruments from systemically important institutions. As a conclusion, given deflationally low rates, it is proposed that the megaregulator should issue its own derivative financial instruments and place them in the financial market.

STUDY OF THE IMPACT OF RAISING THE RETIREMENT AGE ON ECONOMIC GROWTH IN THE DIGITAL ECONOMY IN RUSSIA AND EUROPE

2020 ◽  
Author(s):  
Svetlana Apenko ◽  
◽  
Olga Kiriliuk ◽  
Elena Legchilina ◽  
Tatiana Tsalko ◽  
...  
Keyword(s):  
Quality Of Life ◽  
Economic Growth ◽  
Economic Policy ◽  
Labor Relations ◽  
Pension Reform ◽  
Digital Economy ◽  
Institutional Changes ◽  
Retirement Age ◽  
The Impact

The article presents the results of a study of the impact of pension reform in Russia on economic growth and quality of life in a digital economy, taking into account the experience of raising the retirement age in Europe. The aim of the study was to identify and analyze the impact of raising the retirement age on economic growth in the context of the development of digitalization in Russia and a comparative analysis with European countries. Results: the studies conducted allowed us to develop a system of indicators characterizing the impact of raising the retirement age on economic growth and the quality of life of the population in the context of digitalization. The authors found that raising the retirement age leads to a change in labor relations in Russia and Europe. The application of the proposed indicators can be used in the formation of a balanced state socio-economic policy in the field of institutional changes in the field of labor relations and raising the retirement age. The study was carried out under a grant from the RFBR № 19-010-00362 А.

The impact of applying good governance standards in reducing corruption and achieving sustainable development in Yemen

2021 ◽  
Vol 26 ◽  
pp. 769-791
Keyword(s):  
Sustainable Development ◽  
Development Process ◽  
Good Governance ◽  
Arab Countries ◽  
Significant Decline ◽  
The Core ◽  
Efficiency And Effectiveness ◽  
Political Economic ◽  
The Impact

This paper aims to highlight the role of applying good governance standards in reducing corruption and achieving sustainable development in Yemen, since good governance represents the core of the development process of countries and societies. Good governance is based on the principle of transparency, accountability, efficiency and effectiveness in order to raise the capacity and efficiency of the state and make it more capable and effective to achieve sustainable development. Corruption in all its forms is one of the biggest obstacles to sustainable development in Yemen, and a major reason for wasting state resources and limiting foreign investment, and thus the expansion of poverty, the poor, and other effects related to the failure to achieve sustainable development. Yemen is one of the most Arab countries facing major challenges in the field of implementing good governance and combating corruption in order to achieve sustainable development and achieve its goals at all political, economic, social and environment. This paper concluded that Yemen suffers from a lack of implementation and enforcement of good governance standards, as well as a rampant corruption, which has led to an expansion of poverty and a significant decline in development rates. Key words: Good Governance, Corruption, Sustainable development.

INVESTMENTS IN TECHNOLOGICAL LAYOUT. STIMULATION TOOLS

2021 ◽  
pp. 35-63
Author(s):  
Oleg S. Sukharev ◽  
◽  
Ekaterina N. Voronchikhina ◽  
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Policy Instruments ◽  
Macroeconomic Policy ◽  
Economic Thought ◽  
Technological Paradigm ◽  
Exact Answer ◽  
Taxonomic Methods ◽  
The Impact ◽  
Technological Paradigms

An issue of the economic growth launching in Russia and carrying out technological renewal of the economy seems to be the central task at the current stage of the country’s economic development. However, the overwhelming majority of theories of economic growth, as well as the classical theory of economic policy, do not give an exact answer as to the technological renewal in the economy and its role when changing the structure of technologies and investments in them. The present study fills that apparent gap, and on the basis of the theory of technological paradigms created by the Russian school of economic thought. The purpose of the study is to structurally analyze the dynamics of investments in fixed assets in the technological structures of the Russian economy with an assessment of the impact on it of certain instruments of macroeconomic policy. On the basis of taxonomic methods of identifying paradigms by types of economic activity, the authors propose a solution to the problem of measuring structures and the investments made in them. The stages in the methodology for the struc- tural analysis and assessment of the economic policy instruments impact- ing through the regression econometric analysis on the target investment function of each of the identified paradigms are formed. The study resulted in obtaining a picture of the distribution of the impact of macroeconomic policy instruments separately for each technological paradigm, according to the selection made. That allows, firstly, to understand the dispersed power of the influence of the economic policy being implemented, and secondly, to see the possibilities of correcting the ongoing structural and investment policy and the use of macroeconomic instruments, as well as institutional changes – individual for each element of the structure – technological paradigm. The prospect of the study is the development of various models based on the selected structure of technological paradigms and investments in them, linking the development of structures and detailing the impact of each of the economic policy instruments.

scholarly journals Effectiveness of Monetary Policy Instruments on Economic Growth in Jordan Using Vector Error Correction Model

2017 ◽  
Vol 9 (11) ◽  
pp. 194
Author(s):  
Rami Obeid ◽  
Bassam Awad
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Policy Instruments ◽  
Short Term ◽  
Correction Model ◽  
Vector Error Correction ◽  
Real Gdp ◽  
Vector Error ◽  
Effect Of Monetary Policy

The global financial crisis emphasized the important role of the prudent monetary policy in supporting economic growth through maintaining price stability. The monetary policy operational framework that was designed in 2008 was updated to include more instruments for managing monetary policy learning from the crisis lessons. Several studies analyzed various dimensions related to economic growth in Jordan such as Abdul-Khaliq, Soufan, and Abu Shihab (2013) and Assaf (2014), there were no studies that investigated the effect of monetary policy on economic growth in Jordan, at least recently, however. The study aims at measuring the effect of monetary policy instruments on the performance of Jordanian economy. Using quarterly data covering the period (2005-2015), an econometric model was examined using Vector Error Correction Model to assess the impact of monetary policy instruments on economic growth. The foremost advantage of VECM is that it has a nice interpretation of long-term and short-term equations. The results showed the existence of positive long-term and short-term effects of monetary policy instruments on the growth of real GDP. The model included three monetary policy instruments besides money supply. They are required reserve ratio, rediscount rate and overnight interbank loan rates as independent variables, and the real GDP growth as a dependent variable. The stationarity of the model time series was addressed. In addition, the stability of the model was tested using stability diagnostics tools. The results showed also an existence of inverse relationship between rediscount rate and economic growth in Jordan over both long and short terms.

scholarly journals ASSESSMENT OF DIRECTION FOR COORDINATION OF MONETARY REGULATION OF INVESTMENT IN THE INTEGRATION UNIONS

2021 ◽  
pp. 27-36
Author(s):  
Marina Zelenkevich ◽  
Natallia Bandarenka
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Supply And Demand ◽  
Central Banks ◽  
Eurasian Economic Union ◽  
National Bank ◽  
Economic Union ◽  
The Republic ◽  
The Impact ◽  
Method Of Correlation

In the context of globalization and regionalization, central banks pursuing monetary policy in the country at the same time become subjects of monetary regulation within the framework of the integrational associations of which they are members. The purpose of the article is to assess the impact of monetary policy on investment and economic growth in integration unions and determine the appropriateness of their coordination. To achieve the goal, a method of correlation-regression analysis is proposed, one which allows for the identifying and assessing of the degree of influence of certain directions of monetary policy of the countries of the integration association on the indicators of investment and economic growth. As a result of the analysis, the expediency of coordination and implementation of a coordinated policy of central banks to stimulate the deposit and credit policy of commercial banks was proved, which positively affects the characteristics of supply and demand in the integrated investment market. The assessment of the directions of the coordination of monetary investments regulation was carried out on the example of an integration association - the Union of Belarus and Russia and can be extended to other integration associations with the participation of Belarus, in particular, to the monetary interaction of countries within the Eurasian Economic Union. The analysis is based on the statistical data of the National Statistical Committee and the National Bank of the Republic Belarus, the EAEU Department of Statistics, as well as statistical information from the Central Bank of Russia and the Union of Russia and Belarus.

The Impact of the Official Information Act 1982 on the Policy Development Process

2021 ◽  
Author(s):  
◽  
Edward H. Poot
Keyword(s):  
Public Sector ◽  
Policy Development ◽  
Development Process ◽  
The Core ◽  
Maximum Benefit ◽  
Policy Development Process ◽  
Good Government ◽  
The Impact ◽  
Participation Theory ◽  
Official Information

<p>The Official Information Act was passed into statute in 1982. Among the purposes of the Act is the enhancement and respect for the law and the promotion of good government. The aim of this paper is to detennine, from a participation perspective, the impact of the Official Information Act 1982 on the core public sector policy process. The paper starts with a background to the Act before reviewing the expected and actual impact of the Act, as outlined in the literature. The policy making process in New Zealand' s core public sector is considered, highlighting opportunities for participation. Participation theory is discussed.  The research involves a survey across the core public sector to gain general views of the impact of the Act on the policy development process. The results are used as the basis for three in-depth case studies of core public sector agencies. The conclusions are that while the Act is an important instrument of accountability, the success of the Act in enabling more effective participation is not so clear. While information is more readily obtainable, technocratic officials and Ministers keen to control information impact on the ability of citizens to participate. It is concluded that for the Act to be of maximum benefit education of officials and a loosening on the control of information will be needed.</p>

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