Monetary Policy: Calculation of Money Demand in a Condition of Economic Turbulence
Keywords:
Monetary policy, Taylor rule, McCallum ruleAbstract
The article examines current issues of monetary policy, monetary policy rules (Taylor's rule, McCallum's rule) and monetary authorities' freedom of action, as well as target benchmarks such as interest rate, monetary base, exchange rate, inflation rate, monetary aggregates, and their relationship with GDP dynamics. Uzbekistan's monetary policy was analyzed according to these monetary policy rules, and the optimal demand for money was calculated in relation to the dynamics of the country's nominal GDP.
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