The Impact of Monetary Policy on Economic Growth and Development

Interest rate, currency supply, and other financial instrument management are all part of monetary policy, which is mostly within the jurisdiction of central banks. Controlling inflation, promoting investment, maintaining stability, and eventually promoting economic growth are its many objectives.

Strong institutions and a high level of confidence in their monetary policies are frequently advantages of developed economies. Georgia and other growing economies, on the other hand, have unique difficulties. Market instability, limited access to international finance, and dependence on external markets frequently influence their policy decisions and results.

საკვანძო სიტყვები: Monetary policy, Economic growth, Inflation, Central banks, Money supply

JEL: E52, E58, E51

DOI: 10.52244/c.2024.11.2

სტატია

გამოყენებული ლიტერატურა:

Bernanke, B., & Blanchard, O. (2023). What caused the US pandemic-era inflation?. Peterson Institute for International Economics Working Paper, (23-4).

Bernanke, B., Gertler, M., (1999). Monetary Policy and Asset Price Volatility. NBER Working Paper 7559.

National Bank of Georgia. Nbg.gov.ge

National Statistic office of Georgia. www.geostat.ge

Reifschneider, David and David Wilcox (2022). “The Case for a Cautiously Optimistic Outlook for US Inflation,” Peterson Institute for International Economics, Policy Brief 22-3, March.

Taylor, J. B., (1993). Discretion versus policy rules in practice. Carnegie-Rochester conference series on public policy 39.195-215. North-Holland.

Taylor, J. B., (1993). Discretion versus policy rules in practice. Carnegie-Rochester conference series on public policy 39.195-215. North-Holland.