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Serial number: 09/2013
Author(s): A. Alasgarov, N. Ramazanov
Language: Azerbaijani
Date: 2013
Abstract: The paper aims to review main ideas relating to the strategic framework of monetary policy in the post crisis period. Taking into account the lessons from the recent global crisis, the paper considers the ways of improvement of the monetary policy strategy.
The main finding is that moving to inflation targeting (IT) policy framework will be still important in the post crisis period to ensure price stability. Moving to İT framework should be a sequenced process in the strategic period. Monitoring asset prices and not ignoring them in the monetary policy decisions should be given strong attention.
Key words: Inflation targeting, transmission, asset prices
JEL classification: E31, G12
