Year of Graduation
Monetary Policy under Negative Shocks of Interest Rate and Exchange Rate
Research is devoted to the analysis of optimal monetary policy with negative shocks of interest rates and exchange rates. Also in the study, we investigated the role of the state deposit insurance as an instrument of economic regulation. The study shows that contractionary monetary policy effectively cope with the negative consequences of the shocks. Also, in this study author showed that state deposit insurance is effective instrument of regulation.