Doroshenko I. Monetary policy of economic growth in transition economy

The dissertation is devoted to the research of monetary policy of economic growth in transition economies. The monetary policy and its main trends in specific conditions of transition economies are analyzed. The process of real economic growth in transition economies is studied under some econometrical approaches. The main factors of economic growth in transition economies are determined. Cross-country econometrical modeling highlights importance of macroeconomic stability for economic growth. The implementation of different monetary models was analyzed using data of transition economies of Central and Eastern Europe. The most acceptable monetary model for large and open economies such as Ukraine is monetary targeting. The transmission mechanism of monetary policy and its implementation both in transition economies and Ukraine are considered. The most important channels of monetary policy transmission mechanism which have the strongest correlation with GDP and industrial production in Ukraine are det ermined.