俄罗斯银行的价格与金融稳定:竞争发展的非金融机制

Tlesh M. Mamakhatov, Ekaterina L. Vodolazhskaya, Alla N. Stolyarova
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引用次数: 0

摘要

本文考虑了俄罗斯银行的价格和金融稳定问题,以及通货膨胀和货币汇率波动对经济增长率的影响问题。事实证明,服务价格的增长对通货膨胀动态有重大影响。服务业消费者价格指数的动态通常决定了服务业的通货膨胀。事实证明,在俄罗斯银行的政策中,使用非货币工具来减少通货膨胀是权宜之计,即发展竞争和对市场定价机制的控制。有助于减少服务价格变化和通货膨胀的有效措施是:提高经济中的竞争和加强对自然垄断企业活动的控制;旨在发展住房和公共服务市场竞争的措施,根据旨在提高自然垄断主体效率的方案的实施,控制关税的形成;执行增加自然垄断活动的透明度和公开性的要求,特别是在关税计算方面,以及增加对其活动的控制;俄罗斯银行与俄罗斯银行的地区办事处和联邦反垄断局在俄罗斯联邦组成实体中的办事处一起参与监督和批准自然垄断关税的过程。根据研究结果,本文作者提出了非货币工具的建议,作为降低通货膨胀和提高俄罗斯央行通货膨胀目标制政策有效性的措施。
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Price and financial stability of the Bank of Russia: Non-financial mechanisms for the competition development
The paper considers the problem of price and financial stability of the Bank of Russia, as well as the issue of the influence of inflation and currency exchange rate volatility on economic growth rates. It has been proved that the growth in prices for services has a significant impact on the inflation dynamics. It is the dynamics of the consumer price index for services that generally determine inflation in the service sector. It has been substantiated that in the policy of the Bank of Russia it is expedient to use non-monetary instruments to reduce inflation, namely the development of competition and control over the pricing mechanism on the market. Effective measures that contribute to reducing the variation in prices for services and inflation are: raising competition in the economy and the growth of control over the activities of natural monopolies; measures aimed at developing competition in the housing and communal services market, control over the formation of tariffs in the light of the implementation of programs intended to increase the efficiency of natural monopoly subjects; implementation of the requirements for the growth of transparency and openness of the activities of natural monopolies, especially in terms of tariff calculation, as well as the growth of control over their activities; the participation of the Bank of Russia, together with the territorial offices of the Bank of Russia and the Offices of the Federal Antimonopoly Service in the constituent entities of the Russian Federation, in the process of monitoring and approving the tariffs of natural monopolies. Based on the results of the study, the authors of the paper developed proposals for non-monetary instruments as a measure to reduce inflation and improve the policy effectiveness of the Bank of Russia on inflation targeting.
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