Knowledge of optimal monetary policy and frequently the rules of optimization in flexible inflation targeting assign central banks the task of developing all types of cyclical policies. The goal of optimal inflation policy is to achieve macroeconomic stability and stimulate sustainable economic growth. To determine the amount of monetary policy associated with the rule of monetary policy and to establish the proposed optimal inflation target, we use the DSGE econometric model. The relationship between r (refinancing rate) and the optimal inflation target has a downward slope. Although the growth of the optimal inflation level is smaller than the decrease in r, it has been found that in areas with current empirical significance, the slope of the relationship is close to -1. This angle parameter is sufficient to ensure uncertainty. It was found that in strategies such as price level setting and their diversity, the optimal inflation target is significantly lower and less sensitive to r."*
This article examines the role and significance of the exchange rate in ensuring macroeconomic stability in Uzbekistan. The focus is on the economic consequences arising from changes in the national currency’s exchange rate, particularly on inflation levels, the balance of foreign trade, and economic growth. The study analyzes the Central Bank's currency policy, methods of managing foreign exchange reserves in the national economy, and factors affecting external economic activities. The article reviews the volatility of the exchange rate and its impact on economic stability based on international experiences, offering effective mechanisms that can be applied in the context of Uzbekistan. This article holds theoretical and practical significance for specialists, researchers, and public administration representatives dealing with currency policy and macroeconomic stability.
This article analyzes the state of the Republic of Uzbekistan's transition to the inflation targeting regime aimed at reducing inflation and developing the economy in the medium term, the work carried out towards this goal, and future practical experiences. Also, scientific conclusions were drawn on the effectiveness of measures aimed at reducing the high rate of inflation and bringing it to the level of developed countries in the near future of our country.
This scientific article analyzes the factors affecting the exchange rate in our country. Also, in the case of Uzbekistan, the forecast scenarios of fluctuations in the national currency exchange rate and the level of inflation in the domestic economy until 2026 were implemented. It was forecast based on the statistics of the period after the liberalization of the foreign exchange policy, that is, after October 2017
The liquidity of enterprises directly depends on changes in macroeconomic policy. In particular, an increase in the rate of devaluation of the national currency and the rate of inflation have a negative impact on the liquidity of enterprises. The article substantiates ways to eliminate the negative effects of macroeconomic factors on the liquidity of enterprises in the republic.
The article highlights the issues of establishing the optimal level of public debt in Uzbekistan, exploring the relationship and coordination between fiscal and monetary policies. Various economic models and indicators are considered, including the inflation rate, unemployment rate, GDP per capita and interest rates. The potential consequences of an excessive increase in public debt are identified, including the risk of default and economic instability.
In the article, aimed at determining the role of Islamic financial engineering in economic development and macroeconomic indicators, it is the disclosure of the role of the Islamic financial system and other financial systems in the economic activity of countries through modeling.
This article examines the impact of monetary policy on external economic equilibrium, with a particular focus on Uzbekistan’s trade balance. The findings indicate that monetary policy instruments affect the trade balance differently in the short and long run. The study emphasizes the need to coordinate monetary policy with trade and structural reforms.
The article discusses the risks faced by commercial banks in their daily activities, which can negatively affect the financial condition and stability of banks. Banks face several types of risks in their activities. For this purpose, financial, operational, strategic, reputational, legal, international, natural disaster and environmental risks, medical and health, security, cost, technological risks are studied, and the requirements developed by the Basel Committee for studying the risks of banks are also studied.
