On the Main Directions of the Unified State Monetary Policy for 2022 and the Period 2023 and 2024: Financial University Experts’ Opinion

The subject of the study is the main tasks, principles and problems of the unified state monetary policy for the mediumterm period 2022–2024.

The purpose of the work is to identify the advantages and disadvantages of the unified state monetary policy in the medium term to ensure real economic growth of Russia on the basis of the examination of the main directions of the unified state monetary policy formulated by the Bank of Russia for 2022 and the period 2023 and 2024. The results of the contribution of monetary policy to the economic development of Russia and ensuring not only its financial, but also social stability are established. Particular attention is paid to the interrelation of monetary-credit and monetary policy; monetary and macroprudential policy; the need for informed decision-making in the field of monetary policy instruments, as well as the macroeconomic effects of the transmission mechanism of monetary policy.

Conclusions are drawn that despite the identified shortcomings, the experts of the Financial University positively assess the presented draft of the Main Directions of the unified state monetary policy for 2022 and the period 2023 and 2024, but believe that it can be supplemented and more concretized taking into account the comments made, proposals put forward and new phenomena that may arise in the first half of 2022.

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