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Session 2.6: The Implications of the Broad Regional Diversity for the Monetary Policy Decision-Making
5 July 2019
14:30—15:40

Open borders and an increasing resource mobility in the modern world make the economic policy-driven analysis ever more global. The bottom-up analysis can help solve many economic puzzles and grasp nascent trends that later capture the whole system. Outcomes of regional analysis are used in decision-making in the Bank of Russia and many central banks both in large and relatively small economies. Which questions can regional analysis answer? Determining and delivering on the monetary policy target — is it sufficient to track country-average inflation or should its distribution by region, border indicators and price divergence risks be taken into account? What are the main determinants of the inflation diversity? Such information is helpful in decision-making on monetary policy, macroprudential and public policy as a whole.

Date
05.07.2019
Forum
International Financial Congress
Started at
14:30—15:40
Conference hall
Angleterre Hotel, Conference hall 7 (first floor)
Analytics on the topic