Model monetarne politike prosječne stope inflacije

master's thesis

• Title (english): A model of the monetary policy of the average rate of inflation
• Author: Ivan Brtan
• Mentor: Boris Cota (mentor)
• Committee member: Boris Cota (predsjednik povjerenstva)
• Committee member: Snježana Lubura Strunjak (član povjerenstva)
• Committee member: Rudi Mrazović (član povjerenstva)
• Committee member: Vedran Krčadinac (član povjerenstva)
• Granter: University of Zagreb; Faculty of Science; (Department of Mathematics); Zagreb
• Defense date and country: 2022-11-30, Croatia
• Scientific / art field, discipline and subdiscipline: NATURAL SCIENCES; Mathematics

Abstract

Cilj ovog rada je predstaviti novu strategiju prosječne ciljane inflacije ukomponiranu u temeljni model monetarne politike. Središnje banke su počele s preispitivanjem dosadašnjeg modela monetarne politike koji je za cilj imao dostizanje godišnje ciljane stope inflacije. Preispitivanjem su došli do odluke o promjeni načina na koji postižu svoj cilj. U prvom poglavlju diplomskog rada opisao sam Novokeynesijanski model u slučaju donje granice kamatne stope kojeg koristim kao temeljni model za analizu. Nakon postavljanja modela, u drugom poglavlju, uveo sam motivaciju koja stoji iza potrebe za promjenom i opisao sam metodu prosječne ciljane inflacije kao i par njenih izvedbi. Konačno, temeljem opisanog modela i ukomponirane nove strategije iznesao sam rezultate usporedbe politike ciljane prosječne inflacije u odnosu na dosadašnji model s ciljanom inflacijom.

Abstract (english)

The goal of this thesis was to present a new strategy of average inflation targeting integrated into the basic model of monetary policy. Central banks have begun to review the current model of monetary policy, which aimed to reach the annual target rate of inflation. By questioning, they came to the decision to change the way of achieving their goal. In the first chapter of this thesis, I described the New Keynesian model in the case of the lower bound of the interest rate, which I use as a basic model for the analysis. After setting up the model, in the second chapter, I introduced the motivation behind the need for change and described the average inflation targeting method as well as a couple of its implementations. Finally, based on the described model and the new integrated strategy, I presented the results of the comparison of the average inflation targeting in relation to the current model with inflation targeting policy.

• Keywords: središnje banke; godišnja ciljana stopa inflacije; Novokeynesijanski model; kamatne stope
• Keywords (english): central banks; annual target rate of inflation; New Keynesian model; interest rate
• Language: croatian
• URN:NBN: urn:nbn:hr:217:941475
• Study programme: Title: Finance and Business Mathematics; Study programme type: university; Study level: graduate; Academic / professional title: magistar/magistra matematike (magistar/magistra matematike)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Open access
• Created on: 2022-12-14 12:43:34