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The Influence of Bank of Latvia Monetary Policy on Economic Growth during the Period of Inflation Targeting

ФИО студента: Anara Kaiumova

Руководитель: Alexander Larionov

Кампус/факультет: Faculty of World Economy and International Affairs

Программа: World Economy (Bachelor)

Год защиты: 2020

The study provides an analysis of the monetary policy of Latvia in the period of 2000 - 2019. The author’s attention is focused on the effect of Bank of Latvia monetary policies on economic growth. The author puts forward the following hypothesis: the most positive impact on Latvian economic growth can be achieved by transition of Latvia to the inflation targeting regime. To select the basis of the study, an analysis of various approaches has been made, the approach of the new Keynesian school is chosen. The various theoretical and statistical sources are analysed, opportunities to resolve the prevailing economic by monetary instruments are assessed. Based on the studied sources and the obtained data, the main research hypothesis testing tool is linear regression.

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