id sid tid token lemma pos issue-158 1 1 baltic baltic PROPN issue-158 1 2 journal journal PROPN issue-158 1 3 of of ADP issue-158 1 4 economic economic ADJ issue-158 1 5 studies study NOUN issue-158 1 6 52 52 NUM issue-158 1 7 vol vol NOUN issue-158 1 8 . . PUNCT issue-158 2 1 3 3 NUM issue-158 2 2 , , PUNCT issue-158 2 3 no no INTJ issue-158 2 4 . . NOUN issue-158 2 5 1 1 NUM issue-158 2 6 , , PUNCT issue-158 2 7 2017 2017 NUM issue-158 2 8 the the DET issue-158 2 9 rationale rationale NOUN issue-158 2 10 for for ADP issue-158 2 11 the the DET issue-158 2 12 application application NOUN issue-158 2 13 of of ADP issue-158 2 14 the the DET issue-158 2 15 inflation inflation NOUN issue-158 2 16 targeting target VERB issue-158 2 17 regime regime NOUN issue-158 2 18 in in ADP issue-158 2 19 ukraine ukraine ADJ issue-158 2 20 roman roman PROPN issue-158 2 21 kalinovskyi1 kalinovskyi1 PROPN issue-158 3 1 taras taras PROPN issue-158 3 2 shevchenko shevchenko PROPN issue-158 3 3 national national PROPN issue-158 3 4 university university PROPN issue-158 3 5 of of ADP issue-158 3 6 kyiv kyiv PROPN issue-158 3 7 , , PUNCT issue-158 3 8 ukraine ukraine ADJ issue-158 3 9 abstract abstract NOUN issue-158 3 10 . . PUNCT issue-158 4 1 the the DET issue-158 4 2 purpose purpose NOUN issue-158 4 3 of of ADP issue-158 4 4 the the DET issue-158 4 5 paper paper NOUN issue-158 4 6 is be AUX issue-158 4 7 the the DET issue-158 4 8 consideration consideration NOUN issue-158 4 9 of of ADP issue-158 4 10 the the DET issue-158 4 11 basic basic ADJ issue-158 4 12 choices choice NOUN issue-158 4 13 of of ADP issue-158 4 14 a a DET issue-158 4 15 monetary monetary ADJ issue-158 4 16 regime regime NOUN issue-158 4 17 of of ADP issue-158 4 18 monetary monetary ADJ issue-158 4 19 policy policy NOUN issue-158 4 20 , , PUNCT issue-158 4 21 which which PRON issue-158 4 22 include include VERB issue-158 4 23 the the DET issue-158 4 24 monetary monetary ADJ issue-158 4 25 targeting targeting NOUN issue-158 4 26 regime regime NOUN issue-158 4 27 , , PUNCT issue-158 4 28 the the DET issue-158 4 29 regime regime NOUN issue-158 4 30 of of ADP issue-158 4 31 exchange exchange NOUN issue-158 4 32 rate rate NOUN issue-158 4 33 targeting targeting NOUN issue-158 4 34 , , PUNCT issue-158 4 35 the the DET issue-158 4 36 inflation inflation NOUN issue-158 4 37 targeting target VERB issue-158 4 38 regime regime NOUN issue-158 4 39 , , PUNCT issue-158 4 40 and and CCONJ issue-158 4 41 a a DET issue-158 4 42 strategy strategy NOUN issue-158 4 43 without without ADP issue-158 4 44 an an DET issue-158 4 45 explicit explicit ADJ issue-158 4 46 nominal nominal ADJ issue-158 4 47 anchor anchor NOUN issue-158 4 48 . . PUNCT issue-158 5 1 the the DET issue-158 5 2 article article NOUN issue-158 5 3 also also ADV issue-158 5 4 discusses discuss VERB issue-158 5 5 their their PRON issue-158 5 6 implementation implementation NOUN issue-158 5 7 in in ADP issue-158 5 8 various various ADJ issue-158 5 9 countries country NOUN issue-158 5 10 of of ADP issue-158 5 11 the the DET issue-158 5 12 world world NOUN issue-158 5 13 and and CCONJ issue-158 5 14 the the DET issue-158 5 15 resulting result VERB issue-158 5 16 consequences consequence NOUN issue-158 5 17 . . PUNCT issue-158 6 1 the the DET issue-158 6 2 subject subject NOUN issue-158 6 3 of of ADP issue-158 6 4 research research NOUN issue-158 6 5 is be AUX issue-158 6 6 the the DET issue-158 6 7 consideration consideration NOUN issue-158 6 8 of of ADP issue-158 6 9 the the DET issue-158 6 10 existing exist VERB issue-158 6 11 monetary monetary ADJ issue-158 6 12 regimes regime NOUN issue-158 6 13 and and CCONJ issue-158 6 14 the the DET issue-158 6 15 rationale rationale NOUN issue-158 6 16 for for ADP issue-158 6 17 the the DET issue-158 6 18 selection selection NOUN issue-158 6 19 of of ADP issue-158 6 20 one one NUM issue-158 6 21 of of ADP issue-158 6 22 them they PRON issue-158 6 23 to to PART issue-158 6 24 ensure ensure VERB issue-158 6 25 sustainable sustainable ADJ issue-158 6 26 development development NOUN issue-158 6 27 of of ADP issue-158 6 28 the the DET issue-158 6 29 economy economy NOUN issue-158 6 30 of of ADP issue-158 6 31 ukraine ukraine NOUN issue-158 6 32 . . PUNCT issue-158 7 1 this this DET issue-158 7 2 research research NOUN issue-158 7 3 examines examine NOUN issue-158 7 4 , , PUNCT issue-158 7 5 among among ADP issue-158 7 6 other other ADJ issue-158 7 7 things thing NOUN issue-158 7 8 , , PUNCT issue-158 7 9 such such ADJ issue-158 7 10 unresolved unresolved ADJ issue-158 7 11 parts part NOUN issue-158 7 12 of of ADP issue-158 7 13 the the DET issue-158 7 14 general general ADJ issue-158 7 15 problem problem NOUN issue-158 7 16 as as ADP issue-158 7 17 the the DET issue-158 7 18 search search NOUN issue-158 7 19 for for ADP issue-158 7 20 ways way NOUN issue-158 7 21 how how SCONJ issue-158 7 22 to to PART issue-158 7 23 increase increase VERB issue-158 7 24 the the DET issue-158 7 25 degree degree NOUN issue-158 7 26 of of ADP issue-158 7 27 the the DET issue-158 7 28 central central ADJ issue-158 7 29 bank bank NOUN issue-158 7 30 influence influence NOUN issue-158 7 31 on on ADP issue-158 7 32 the the DET issue-158 7 33 economy economy NOUN issue-158 7 34 by by ADP issue-158 7 35 changing change VERB issue-158 7 36 the the DET issue-158 7 37 existing exist VERB issue-158 7 38 monetary monetary ADJ issue-158 7 39 regime regime NOUN issue-158 7 40 to to ADP issue-158 7 41 more more ADV issue-158 7 42 optimal optimal ADJ issue-158 7 43 . . PUNCT issue-158 8 1 methodology methodology NOUN issue-158 8 2 . . PUNCT issue-158 9 1 the the DET issue-158 9 2 research research NOUN issue-158 9 3 is be AUX issue-158 9 4 based base VERB issue-158 9 5 on on ADP issue-158 9 6 a a DET issue-158 9 7 comparison comparison NOUN issue-158 9 8 of of ADP issue-158 9 9 data datum NOUN issue-158 9 10 on on ADP issue-158 9 11 the the DET issue-158 9 12 effectiveness effectiveness NOUN issue-158 9 13 of of ADP issue-158 9 14 monetary monetary ADJ issue-158 9 15 policy policy NOUN issue-158 9 16 in in ADP issue-158 9 17 different different ADJ issue-158 9 18 countries country NOUN issue-158 9 19 in in ADP issue-158 9 20 specific specific ADJ issue-158 9 21 time time NOUN issue-158 9 22 periods period NOUN issue-158 9 23 . . PUNCT issue-158 10 1 given give VERB issue-158 10 2 the the DET issue-158 10 3 consequences consequence NOUN issue-158 10 4 of of ADP issue-158 10 5 the the DET issue-158 10 6 implementation implementation NOUN issue-158 10 7 of of ADP issue-158 10 8 certain certain ADJ issue-158 10 9 monetary monetary ADJ issue-158 10 10 regimes regime NOUN issue-158 10 11 in in ADP issue-158 10 12 different different ADJ issue-158 10 13 countries country NOUN issue-158 10 14 , , PUNCT issue-158 10 15 there there PRON issue-158 10 16 are be VERB issue-158 10 17 drawn draw VERB issue-158 10 18 conclusions conclusion NOUN issue-158 10 19 about about ADP issue-158 10 20 the the DET issue-158 10 21 appropriateness appropriateness NOUN issue-158 10 22 of of ADP issue-158 10 23 the the DET issue-158 10 24 choice choice NOUN issue-158 10 25 of of ADP issue-158 10 26 a a DET issue-158 10 27 specific specific ADJ issue-158 10 28 regime regime NOUN issue-158 10 29 for for ADP issue-158 10 30 the the DET issue-158 10 31 ukrainian ukrainian ADJ issue-158 10 32 economy economy NOUN issue-158 10 33 . . PUNCT issue-158 11 1 the the DET issue-158 11 2 results result NOUN issue-158 11 3 of of ADP issue-158 11 4 the the DET issue-158 11 5 comparison comparison NOUN issue-158 11 6 showed show VERB issue-158 11 7 that that SCONJ issue-158 11 8 the the DET issue-158 11 9 most most ADV issue-158 11 10 suitable suitable ADJ issue-158 11 11 choice choice NOUN issue-158 11 12 for for ADP issue-158 11 13 the the DET issue-158 11 14 economy economy NOUN issue-158 11 15 of of ADP issue-158 11 16 ukraine ukraine NOUN issue-158 11 17 is be AUX issue-158 11 18 the the DET issue-158 11 19 choice choice NOUN issue-158 11 20 of of ADP issue-158 11 21 the the DET issue-158 11 22 inflation inflation NOUN issue-158 11 23 targeting target VERB issue-158 11 24 regime regime NOUN issue-158 11 25 , , PUNCT issue-158 11 26 since since SCONJ issue-158 11 27 it it PRON issue-158 11 28 generates generate VERB issue-158 11 29 the the DET issue-158 11 30 inflation inflation NOUN issue-158 11 31 expectations expectation NOUN issue-158 11 32 at at ADP issue-158 11 33 a a DET issue-158 11 34 low low ADJ issue-158 11 35 level level NOUN issue-158 11 36 , , PUNCT issue-158 11 37 in in ADP issue-158 11 38 most most ADJ issue-158 11 39 cases case NOUN issue-158 11 40 allows allow VERB issue-158 11 41 reducing reduce VERB issue-158 11 42 inflation inflation NOUN issue-158 11 43 in in ADP issue-158 11 44 the the DET issue-158 11 45 short short ADJ issue-158 11 46 term term NOUN issue-158 11 47 , , PUNCT issue-158 11 48 contributes contribute VERB issue-158 11 49 to to ADP issue-158 11 50 strengthening strengthen VERB issue-158 11 51 the the DET issue-158 11 52 central central ADJ issue-158 11 53 bank bank NOUN issue-158 11 54 independence independence NOUN issue-158 11 55 and and CCONJ issue-158 11 56 credibility credibility NOUN issue-158 11 57 , , PUNCT issue-158 11 58 allows allow VERB issue-158 11 59 overcoming overcome VERB issue-158 11 60 internal internal ADJ issue-158 11 61 and and CCONJ issue-158 11 62 external external ADJ issue-158 11 63 shocks shock NOUN issue-158 11 64 , , PUNCT issue-158 11 65 eliminates eliminate VERB issue-158 11 66 the the DET issue-158 11 67 contradictions contradiction NOUN issue-158 11 68 connected connect VERB issue-158 11 69 with with ADP issue-158 11 70 the the DET issue-158 11 71 objectives objective NOUN issue-158 11 72 of of ADP issue-158 11 73 monetary monetary ADJ issue-158 11 74 policy policy NOUN issue-158 11 75 , , PUNCT issue-158 11 76 reduces reduce VERB issue-158 11 77 the the DET issue-158 11 78 likelihood likelihood NOUN issue-158 11 79 of of ADP issue-158 11 80 crises crisis NOUN issue-158 11 81 , , PUNCT issue-158 11 82 as as ADV issue-158 11 83 well well ADV issue-158 11 84 as as ADP issue-158 11 85 creates create VERB issue-158 11 86 positive positive ADJ issue-158 11 87 conditions condition NOUN issue-158 11 88 for for ADP issue-158 11 89 the the DET issue-158 11 90 development development NOUN issue-158 11 91 of of ADP issue-158 11 92 the the DET issue-158 11 93 economy economy NOUN issue-158 11 94 as as ADP issue-158 11 95 a a DET issue-158 11 96 whole whole NOUN issue-158 11 97 . . PUNCT issue-158 12 1 practical practical ADJ issue-158 12 2 implications implication NOUN issue-158 12 3 . . PUNCT issue-158 13 1 thoroughly thoroughly ADV issue-158 13 2 examined examine VERB issue-158 13 3 the the DET issue-158 13 4 advantages advantage NOUN issue-158 13 5 and and CCONJ issue-158 13 6 disadvantages disadvantage NOUN issue-158 13 7 of of ADP issue-158 13 8 the the DET issue-158 13 9 underlying underlying ADJ issue-158 13 10 monetary monetary ADJ issue-158 13 11 regimes regime NOUN issue-158 13 12 , , PUNCT issue-158 13 13 conclusions conclusion NOUN issue-158 13 14 were be AUX issue-158 13 15 drawn draw VERB issue-158 13 16 concerning concern VERB issue-158 13 17 the the DET issue-158 13 18 promising promising ADJ issue-158 13 19 directions direction NOUN issue-158 13 20 of of ADP issue-158 13 21 development development NOUN issue-158 13 22 of of ADP issue-158 13 23 monetary monetary ADJ issue-158 13 24 policy policy NOUN issue-158 13 25 in in ADP issue-158 13 26 ukraine ukraine NOUN issue-158 13 27 , , PUNCT issue-158 13 28 as as ADV issue-158 13 29 well well ADV issue-158 13 30 as as ADP issue-158 13 31 recommendations recommendation NOUN issue-158 13 32 on on ADP issue-158 13 33 further further ADJ issue-158 13 34 actions action NOUN issue-158 13 35 of of ADP issue-158 13 36 the the DET issue-158 13 37 state state NOUN issue-158 13 38 bodies body NOUN issue-158 13 39 of of ADP issue-158 13 40 ukraine ukraine NOUN issue-158 13 41 . . PUNCT issue-158 14 1 value value NOUN issue-158 14 2 / / SYM issue-158 14 3 originality originality NOUN issue-158 14 4 . . PUNCT issue-158 15 1 the the DET issue-158 15 2 conclusions conclusion NOUN issue-158 15 3 of of ADP issue-158 15 4 the the DET issue-158 15 5 research research NOUN issue-158 15 6 substantiate substantiate VERB issue-158 15 7 the the DET issue-158 15 8 benefits benefit NOUN issue-158 15 9 of of ADP issue-158 15 10 inflation inflation NOUN issue-158 15 11 targeting target VERB issue-158 15 12 regime regime NOUN issue-158 15 13 to to PART issue-158 15 14 enhance enhance VERB issue-158 15 15 the the DET issue-158 15 16 effectiveness effectiveness NOUN issue-158 15 17 of of ADP issue-158 15 18 monetary monetary ADJ issue-158 15 19 policy policy NOUN issue-158 15 20 , , PUNCT issue-158 15 21 as as ADV issue-158 15 22 well well ADV issue-158 15 23 as as ADP issue-158 15 24 provide provide VERB issue-158 15 25 recommendations recommendation NOUN issue-158 15 26 concerning concern VERB issue-158 15 27 the the DET issue-158 15 28 further further ADJ issue-158 15 29 implementation implementation NOUN issue-158 15 30 of of ADP issue-158 15 31 the the DET issue-158 15 32 inflation inflation NOUN issue-158 15 33 targeting target VERB issue-158 15 34 regime regime NOUN issue-158 15 35 in in ADP issue-158 15 36 ukraine ukraine PROPN issue-158 15 37 . . PUNCT issue-158 16 1 key key ADJ issue-158 16 2 words word NOUN issue-158 16 3 : : PUNCT issue-158 16 4 monetary monetary ADJ issue-158 16 5 policy policy NOUN issue-158 16 6 , , PUNCT issue-158 16 7 monetary monetary ADJ issue-158 16 8 regime regime NOUN issue-158 16 9 , , PUNCT issue-158 16 10 nominal nominal ADJ issue-158 16 11 anchor anchor NOUN issue-158 16 12 , , PUNCT issue-158 16 13 targeting targeting NOUN issue-158 16 14 , , PUNCT issue-158 16 15 inflation inflation NOUN issue-158 16 16 . . PUNCT issue-158 17 1 jel jel PROPN issue-158 17 2 classification classification NOUN issue-158 17 3 : : PUNCT issue-158 17 4 e42 e42 NUM issue-158 17 5 , , PUNCT issue-158 17 6 e52 e52 PROPN issue-158 17 7 corresponding corresponding ADJ issue-158 17 8 author author NOUN issue-158 17 9 : : PUNCT issue-158 17 10 1 1 NUM issue-158 17 11 department department NOUN issue-158 17 12 of of ADP issue-158 17 13 economic economic ADJ issue-158 17 14 theory theory NOUN issue-158 17 15 , , PUNCT issue-158 17 16 macroand macroand NOUN issue-158 17 17 microeconomics microeconomics PROPN issue-158 17 18 , , PUNCT issue-158 17 19 taras taras PROPN issue-158 17 20 shevchenko shevchenko PROPN issue-158 17 21 national national PROPN issue-158 17 22 university university PROPN issue-158 17 23 of of ADP issue-158 17 24 kyiv kyiv PROPN issue-158 17 25 . . PUNCT issue-158 18 1 email email NOUN issue-158 18 2 : : PUNCT issue-158 18 3 roma_kalina@mail.ru roma_kalina@mail.ru VERB issue-158 18 4 1 1 NUM issue-158 18 5 . . X issue-158 19 1 introduction introduction NOUN issue-158 19 2 in in ADP issue-158 19 3 conditions condition NOUN issue-158 19 4 of of ADP issue-158 19 5 low low ADJ issue-158 19 6 economic economic ADJ issue-158 19 7 growth growth NOUN issue-158 19 8 rates rate NOUN issue-158 19 9 , , PUNCT issue-158 19 10 inflation inflation NOUN issue-158 19 11 and and CCONJ issue-158 19 12 devaluation devaluation NOUN issue-158 19 13 of of ADP issue-158 19 14 the the DET issue-158 19 15 national national ADJ issue-158 19 16 currency currency NOUN issue-158 19 17 , , PUNCT issue-158 19 18 it it PRON issue-158 19 19 is be AUX issue-158 19 20 extremely extremely ADV issue-158 19 21 important important ADJ issue-158 19 22 to to PART issue-158 19 23 find find VERB issue-158 19 24 ways way NOUN issue-158 19 25 to to PART issue-158 19 26 overcome overcome VERB issue-158 19 27 the the DET issue-158 19 28 negative negative ADJ issue-158 19 29 effects effect NOUN issue-158 19 30 of of ADP issue-158 19 31 the the DET issue-158 19 32 aforementioned aforementioned ADJ issue-158 19 33 processes process NOUN issue-158 19 34 and and CCONJ issue-158 19 35 phenomena phenomenon NOUN issue-158 19 36 . . PUNCT issue-158 20 1 given give VERB issue-158 20 2 the the DET issue-158 20 3 uncertainty uncertainty NOUN issue-158 20 4 factor factor NOUN issue-158 20 5 , , PUNCT issue-158 20 6 the the DET issue-158 20 7 influence influence NOUN issue-158 20 8 of of ADP issue-158 20 9 the the DET issue-158 20 10 central central ADJ issue-158 20 11 bank bank NOUN issue-158 20 12 on on ADP issue-158 20 13 the the DET issue-158 20 14 country country NOUN issue-158 20 15 's 's PART issue-158 20 16 economy economy NOUN issue-158 20 17 is be AUX issue-158 20 18 quite quite ADV issue-158 20 19 powerful powerful ADJ issue-158 20 20 . . PUNCT issue-158 21 1 the the DET issue-158 21 2 main main ADJ issue-158 21 3 direction direction NOUN issue-158 21 4 of of ADP issue-158 21 5 a a DET issue-158 21 6 monetary monetary ADJ issue-158 21 7 policy policy NOUN issue-158 21 8 improvement improvement NOUN issue-158 21 9 is be AUX issue-158 21 10 to to PART issue-158 21 11 change change VERB issue-158 21 12 its its PRON issue-158 21 13 regime regime NOUN issue-158 21 14 on on ADP issue-158 21 15 more more ADV issue-158 21 16 effective effective ADJ issue-158 21 17 . . PUNCT issue-158 22 1 the the DET issue-158 22 2 research research NOUN issue-158 22 3 urgency urgency NOUN issue-158 22 4 is be AUX issue-158 22 5 caused cause VERB issue-158 22 6 by by ADP issue-158 22 7 the the DET issue-158 22 8 desire desire NOUN issue-158 22 9 of of ADP issue-158 22 10 the the DET issue-158 22 11 national national PROPN issue-158 22 12 bank bank PROPN issue-158 22 13 of of ADP issue-158 22 14 ukraine ukraine PROPN issue-158 22 15 ( ( PUNCT issue-158 22 16 nbu nbu PROPN issue-158 22 17 ) ) PUNCT issue-158 22 18 to to PART issue-158 22 19 move move VERB issue-158 22 20 in in ADP issue-158 22 21 the the DET issue-158 22 22 near near ADJ issue-158 22 23 future future NOUN issue-158 22 24 to to ADP issue-158 22 25 full full ADJ issue-158 22 26 - - PUNCT issue-158 22 27 fledged fledged ADJ issue-158 22 28 inflation inflation NOUN issue-158 22 29 targeting target VERB issue-158 22 30 . . PUNCT issue-158 23 1 in in ADP issue-158 23 2 the the DET issue-158 23 3 " " PUNCT issue-158 23 4 main main ADJ issue-158 23 5 principles principle NOUN issue-158 23 6 of of ADP issue-158 23 7 monetary monetary ADJ issue-158 23 8 policy policy NOUN issue-158 23 9 for for ADP issue-158 23 10 2015 2015 NUM issue-158 23 11 " " PUNCT issue-158 23 12 , , PUNCT issue-158 23 13 it it PRON issue-158 23 14 is be AUX issue-158 23 15 noted note VERB issue-158 23 16 that that SCONJ issue-158 23 17 strategic strategic ADJ issue-158 23 18 objective objective NOUN issue-158 23 19 of of ADP issue-158 23 20 the the DET issue-158 23 21 nbu nbu NOUN issue-158 23 22 is be AUX issue-158 23 23 to to PART issue-158 23 24 achieve achieve VERB issue-158 23 25 and and CCONJ issue-158 23 26 maintain maintain VERB issue-158 23 27 in in ADP issue-158 23 28 the the DET issue-158 23 29 medium medium ADJ issue-158 23 30 term term NOUN issue-158 23 31 low low ADJ issue-158 23 32 and and CCONJ issue-158 23 33 stable stable ADJ issue-158 23 34 inflation inflation NOUN issue-158 23 35 ( ( PUNCT issue-158 23 36 5 5 NUM issue-158 23 37 % % NOUN issue-158 23 38 per per ADP issue-158 23 39 year year NOUN issue-158 23 40 with with ADP issue-158 23 41 a a DET issue-158 23 42 tolerance tolerance NOUN issue-158 23 43 of of ADP issue-158 23 44 ±1 ±1 ADJ issue-158 23 45 % % NOUN issue-158 23 46 ) ) PUNCT issue-158 23 47 and and CCONJ issue-158 23 48 a a DET issue-158 23 49 gradual gradual ADJ issue-158 23 50 transition transition NOUN issue-158 23 51 to to ADP issue-158 23 52 inflation inflation NOUN issue-158 23 53 targeting target VERB issue-158 23 54 . . PUNCT issue-158 24 1 thus thus ADV issue-158 24 2 , , PUNCT issue-158 24 3 the the DET issue-158 24 4 research research NOUN issue-158 24 5 problem problem NOUN issue-158 24 6 is be AUX issue-158 24 7 stated state VERB issue-158 24 8 as as SCONJ issue-158 24 9 follows follow VERB issue-158 24 10 : : PUNCT issue-158 24 11 is be AUX issue-158 24 12 the the DET issue-158 24 13 inflation inflation NOUN issue-158 24 14 targeting target VERB issue-158 24 15 regime regime NOUN issue-158 24 16 the the DET issue-158 24 17 best good ADJ issue-158 24 18 choice choice NOUN issue-158 24 19 for for ADP issue-158 24 20 ukraine ukraine NOUN issue-158 24 21 ? ? PUNCT issue-158 25 1 the the DET issue-158 25 2 current current ADJ issue-158 25 3 paper paper NOUN issue-158 25 4 aims aim VERB issue-158 25 5 to to PART issue-158 25 6 demonstrate demonstrate VERB issue-158 25 7 differences difference NOUN issue-158 25 8 in in ADP issue-158 25 9 an an DET issue-158 25 10 implementation implementation NOUN issue-158 25 11 of of ADP issue-158 25 12 basic basic ADJ issue-158 25 13 monetary monetary ADJ issue-158 25 14 regimes regime NOUN issue-158 25 15 and and CCONJ issue-158 25 16 to to PART issue-158 25 17 prove prove VERB issue-158 25 18 that that SCONJ issue-158 25 19 the the DET issue-158 25 20 inflation inflation NOUN issue-158 25 21 targeting target VERB issue-158 25 22 regime regime NOUN issue-158 25 23 will will AUX issue-158 25 24 be be AUX issue-158 25 25 the the DET issue-158 25 26 most most ADV issue-158 25 27 effective effective ADJ issue-158 25 28 for for ADP issue-158 25 29 ukraine ukraine NOUN issue-158 25 30 . . PUNCT issue-158 26 1 2 2 X issue-158 26 2 . . NUM issue-158 26 3 basic basic ADJ issue-158 26 4 monetary monetary ADJ issue-158 26 5 regimes regime NOUN issue-158 26 6 in in ADP issue-158 26 7 most most ADJ issue-158 26 8 cases case NOUN issue-158 26 9 , , PUNCT issue-158 26 10 central central ADJ issue-158 26 11 banks bank NOUN issue-158 26 12 choose choose VERB issue-158 26 13 one one NUM issue-158 26 14 of of ADP issue-158 26 15 three three NUM issue-158 26 16 basic basic ADJ issue-158 26 17 nominal nominal ADJ issue-158 26 18 indicators indicator NOUN issue-158 26 19 characterizing characterize VERB issue-158 26 20 the the DET issue-158 26 21 results result NOUN issue-158 26 22 of of ADP issue-158 26 23 its its PRON issue-158 26 24 activity activity NOUN issue-158 26 25 : : PUNCT issue-158 26 26 the the DET issue-158 26 27 existing exist VERB issue-158 26 28 amount amount NOUN issue-158 26 29 of of ADP issue-158 26 30 money money NOUN issue-158 26 31 in in ADP issue-158 26 32 circulation circulation NOUN issue-158 26 33 , , PUNCT issue-158 26 34 the the DET issue-158 26 35 value value NOUN issue-158 26 36 of of ADP issue-158 26 37 the the DET issue-158 26 38 exchange exchange NOUN issue-158 26 39 rate rate NOUN issue-158 26 40 or or CCONJ issue-158 26 41 the the DET issue-158 26 42 inflation inflation NOUN issue-158 26 43 rate rate NOUN issue-158 26 44 . . PUNCT issue-158 27 1 providing provide VERB issue-158 27 2 the the DET issue-158 27 3 stable stable ADJ issue-158 27 4 dynamics dynamic NOUN issue-158 27 5 of of ADP issue-158 27 6 these these DET issue-158 27 7 variables variable NOUN issue-158 27 8 on on ADP issue-158 27 9 the the DET issue-158 27 10 level level NOUN issue-158 27 11 for for ADP issue-158 27 12 a a DET issue-158 27 13 certain certain ADJ issue-158 27 14 period period NOUN issue-158 27 15 of of ADP issue-158 27 16 time time NOUN issue-158 27 17 is be AUX issue-158 27 18 called call VERB issue-158 27 19 its its PRON issue-158 27 20 targeting target VERB issue-158 27 21 ( ( PUNCT issue-158 27 22 koncewicz koncewicz NOUN issue-158 27 23 , , PUNCT issue-158 27 24 2012 2012 NUM issue-158 27 25 ) ) PUNCT issue-158 27 26 . . PUNCT issue-158 28 1 baltic baltic PROPN issue-158 28 2 journal journal PROPN issue-158 28 3 of of ADP issue-158 28 4 economic economic ADJ issue-158 28 5 studies study NOUN issue-158 28 6 53 53 NUM issue-158 28 7 vol vol NOUN issue-158 28 8 . . PUNCT issue-158 29 1 3 3 NUM issue-158 29 2 , , PUNCT issue-158 29 3 no no INTJ issue-158 29 4 . . NOUN issue-158 29 5 1 1 NUM issue-158 29 6 , , PUNCT issue-158 29 7 2017 2017 NUM issue-158 29 8 we we PRON issue-158 29 9 can can AUX issue-158 29 10 consider consider VERB issue-158 29 11 three three NUM issue-158 29 12 basic basic ADJ issue-158 29 13 choices choice NOUN issue-158 29 14 of of ADP issue-158 29 15 monetary monetary ADJ issue-158 29 16 regime regime NOUN issue-158 29 17 . . PUNCT issue-158 30 1 the the DET issue-158 30 2 first first ADJ issue-158 30 3 is be AUX issue-158 30 4 the the DET issue-158 30 5 regime regime NOUN issue-158 30 6 of of ADP issue-158 30 7 monetary monetary ADJ issue-158 30 8 targeting targeting NOUN issue-158 30 9 . . PUNCT issue-158 31 1 it it PRON issue-158 31 2 is be AUX issue-158 31 3 based base VERB issue-158 31 4 on on ADP issue-158 31 5 the the DET issue-158 31 6 belief belief NOUN issue-158 31 7 that that SCONJ issue-158 31 8 the the DET issue-158 31 9 change change NOUN issue-158 31 10 in in ADP issue-158 31 11 the the DET issue-158 31 12 money money NOUN issue-158 31 13 supply supply NOUN issue-158 31 14 entails entail VERB issue-158 31 15 a a DET issue-158 31 16 corresponding correspond VERB issue-158 31 17 change change NOUN issue-158 31 18 in in ADP issue-158 31 19 the the DET issue-158 31 20 rate rate NOUN issue-158 31 21 of of ADP issue-158 31 22 inflation inflation NOUN issue-158 31 23 . . PUNCT issue-158 32 1 in in ADP issue-158 32 2 order order NOUN issue-158 32 3 for for SCONJ issue-158 32 4 this this DET issue-158 32 5 regime regime NOUN issue-158 32 6 to to PART issue-158 32 7 be be AUX issue-158 32 8 effective effective ADJ issue-158 32 9 , , PUNCT issue-158 32 10 a a DET issue-158 32 11 necessary necessary ADJ issue-158 32 12 condition condition NOUN issue-158 32 13 is be AUX issue-158 32 14 an an DET issue-158 32 15 existence existence NOUN issue-158 32 16 in in ADP issue-158 32 17 the the DET issue-158 32 18 economy economy NOUN issue-158 32 19 a a DET issue-158 32 20 stable stable ADJ issue-158 32 21 connection connection NOUN issue-158 32 22 between between ADP issue-158 32 23 the the DET issue-158 32 24 change change NOUN issue-158 32 25 in in ADP issue-158 32 26 the the DET issue-158 32 27 money money NOUN issue-158 32 28 supply supply NOUN issue-158 32 29 and and CCONJ issue-158 32 30 inflation inflation NOUN issue-158 32 31 . . PUNCT issue-158 33 1 the the DET issue-158 33 2 second second ADJ issue-158 33 3 monetary monetary ADJ issue-158 33 4 regime regime NOUN issue-158 33 5 is be AUX issue-158 33 6 based base VERB issue-158 33 7 on on ADP issue-158 33 8 the the DET issue-158 33 9 exchange exchange NOUN issue-158 33 10 rate rate NOUN issue-158 33 11 targeting target VERB issue-158 33 12 . . PUNCT issue-158 34 1 it it PRON issue-158 34 2 suggests suggest VERB issue-158 34 3 that that SCONJ issue-158 34 4 the the DET issue-158 34 5 central central ADJ issue-158 34 6 bank bank NOUN issue-158 34 7 as as ADP issue-158 34 8 the the DET issue-158 34 9 intermediate intermediate ADJ issue-158 34 10 target target NOUN issue-158 34 11 of of ADP issue-158 34 12 monetary monetary ADJ issue-158 34 13 policy policy NOUN issue-158 34 14 sets set VERB issue-158 34 15 the the DET issue-158 34 16 nominal nominal ADJ issue-158 34 17 exchange exchange NOUN issue-158 34 18 rate rate NOUN issue-158 34 19 and and CCONJ issue-158 34 20 tries try VERB issue-158 34 21 to to PART issue-158 34 22 provide provide VERB issue-158 34 23 stability stability NOUN issue-158 34 24 against against ADP issue-158 34 25 the the DET issue-158 34 26 currencies currency NOUN issue-158 34 27 of of ADP issue-158 34 28 the the DET issue-158 34 29 so so ADV issue-158 34 30 - - PUNCT issue-158 34 31 called call VERB issue-158 34 32 countries country NOUN issue-158 34 33 of of ADP issue-158 34 34 the the DET issue-158 34 35 anchor anchor NOUN issue-158 34 36 due due ADP issue-158 34 37 to to ADP issue-158 34 38 interest interest NOUN issue-158 34 39 rate rate NOUN issue-158 34 40 changes change NOUN issue-158 34 41 and and CCONJ issue-158 34 42 direct direct ADJ issue-158 34 43 foreign foreign ADJ issue-158 34 44 exchange exchange NOUN issue-158 34 45 intervention intervention NOUN issue-158 34 46 . . PUNCT issue-158 35 1 the the DET issue-158 35 2 third third ADJ issue-158 35 3 monetary monetary ADJ issue-158 35 4 regime regime NOUN issue-158 35 5 is be AUX issue-158 35 6 based base VERB issue-158 35 7 on on ADP issue-158 35 8 inflation inflation NOUN issue-158 35 9 targeting target VERB issue-158 35 10 . . PUNCT issue-158 36 1 also also ADV issue-158 36 2 , , PUNCT issue-158 36 3 some some DET issue-158 36 4 central central ADJ issue-158 36 5 banks bank NOUN issue-158 36 6 are be AUX issue-158 36 7 adopting adopt VERB issue-158 36 8 a a DET issue-158 36 9 strategy strategy NOUN issue-158 36 10 without without ADP issue-158 36 11 an an DET issue-158 36 12 explicit explicit ADJ issue-158 36 13 nominal nominal ADJ issue-158 36 14 anchor anchor NOUN issue-158 36 15 , , PUNCT issue-158 36 16 which which PRON issue-158 36 17 consists consist VERB issue-158 36 18 in in ADP issue-158 36 19 establishing establish VERB issue-158 36 20 and and CCONJ issue-158 36 21 achieving achieve VERB issue-158 36 22 several several ADJ issue-158 36 23 goals goal NOUN issue-158 36 24 simultaneously simultaneously ADV issue-158 36 25 ( ( PUNCT issue-158 36 26 gnativ gnativ NOUN issue-158 36 27 , , PUNCT issue-158 36 28 2009 2009 NUM issue-158 36 29 ) ) PUNCT issue-158 36 30 . . PUNCT issue-158 37 1 3 3 X issue-158 37 2 . . X issue-158 37 3 monetary monetary ADJ issue-158 37 4 regimes regime NOUN issue-158 37 5 ’ ' PUNCT issue-158 37 6 features feature NOUN issue-158 37 7 and and CCONJ issue-158 37 8 different different ADJ issue-158 37 9 countries country NOUN issue-158 37 10 ’ ' PUNCT issue-158 37 11 experience experience VERB issue-158 37 12 the the DET issue-158 37 13 essence essence NOUN issue-158 37 14 of of ADP issue-158 37 15 monetary monetary ADJ issue-158 37 16 targeting targeting NOUN issue-158 37 17 is be AUX issue-158 37 18 that that SCONJ issue-158 37 19 the the DET issue-158 37 20 central central ADJ issue-158 37 21 bank bank NOUN issue-158 37 22 , , PUNCT issue-158 37 23 on on ADP issue-158 37 24 the the DET issue-158 37 25 basis basis NOUN issue-158 37 26 of of ADP issue-158 37 27 the the DET issue-158 37 28 inflation inflation NOUN issue-158 37 29 tar tar NOUN issue-158 37 30 - - PUNCT issue-158 37 31 get get NOUN issue-158 37 32 , , PUNCT issue-158 37 33 estimate estimate NOUN issue-158 37 34 of of ADP issue-158 37 35 potential potential ADJ issue-158 37 36 output output NOUN issue-158 37 37 growth growth NOUN issue-158 37 38 and and CCONJ issue-158 37 39 the the DET issue-158 37 40 dynamics dynamic NOUN issue-158 37 41 of of ADP issue-158 37 42 money money NOUN issue-158 37 43 velocity velocity NOUN issue-158 37 44 within within ADP issue-158 37 45 the the DET issue-158 37 46 quantitative quantitative ADJ issue-158 37 47 equation equation NOUN issue-158 37 48 of of ADP issue-158 37 49 exchange exchange NOUN issue-158 37 50 ( ( PUNCT issue-158 37 51 mv mv PROPN issue-158 37 52 = = PUNCT issue-158 37 53 py py PROPN issue-158 37 54 ) ) PUNCT issue-158 37 55 determines determine VERB issue-158 37 56 the the DET issue-158 37 57 target target NOUN issue-158 37 58 rate rate NOUN issue-158 37 59 of of ADP issue-158 37 60 monetary monetary ADJ issue-158 37 61 aggregates aggregate NOUN issue-158 37 62 growth growth NOUN issue-158 37 63 and and CCONJ issue-158 37 64 announces announce VERB issue-158 37 65 it it PRON issue-158 37 66 to to ADP issue-158 37 67 the the DET issue-158 37 68 public public NOUN issue-158 37 69 . . PUNCT issue-158 38 1 for for ADP issue-158 38 2 the the DET issue-158 38 3 implementation implementation NOUN issue-158 38 4 of of ADP issue-158 38 5 monetary monetary ADJ issue-158 38 6 targeting target VERB issue-158 38 7 in in ADP issue-158 38 8 the the DET issue-158 38 9 country country NOUN issue-158 38 10 , , PUNCT issue-158 38 11 an an DET issue-158 38 12 important important ADJ issue-158 38 13 condition condition NOUN issue-158 38 14 should should AUX issue-158 38 15 be be AUX issue-158 38 16 met meet VERB issue-158 38 17 : : PUNCT issue-158 38 18 the the DET issue-158 38 19 demand demand NOUN issue-158 38 20 for for ADP issue-158 38 21 money money NOUN issue-158 38 22 within within ADP issue-158 38 23 the the DET issue-158 38 24 country country NOUN issue-158 38 25 should should AUX issue-158 38 26 be be AUX issue-158 38 27 stable stable ADJ issue-158 38 28 . . PUNCT issue-158 39 1 this this PRON issue-158 39 2 means mean VERB issue-158 39 3 that that SCONJ issue-158 39 4 the the DET issue-158 39 5 velocity velocity NOUN issue-158 39 6 of of ADP issue-158 39 7 money money NOUN issue-158 39 8 has have VERB issue-158 39 9 to to PART issue-158 39 10 be be AUX issue-158 39 11 on on ADP issue-158 39 12 the the DET issue-158 39 13 same same ADJ issue-158 39 14 level level NOUN issue-158 39 15 for for ADP issue-158 39 16 a a DET issue-158 39 17 certain certain ADJ issue-158 39 18 horizon horizon NOUN issue-158 39 19 targeting target VERB issue-158 39 20 . . PUNCT issue-158 40 1 this this DET issue-158 40 2 condition condition NOUN issue-158 40 3 is be AUX issue-158 40 4 quite quite ADV issue-158 40 5 difficult difficult ADJ issue-158 40 6 task task NOUN issue-158 40 7 for for ADP issue-158 40 8 the the DET issue-158 40 9 central central ADJ issue-158 40 10 bank bank NOUN issue-158 40 11 . . PUNCT issue-158 41 1 the the DET issue-158 41 2 reason reason NOUN issue-158 41 3 is be AUX issue-158 41 4 that that SCONJ issue-158 41 5 the the DET issue-158 41 6 demand demand NOUN issue-158 41 7 for for ADP issue-158 41 8 money money NOUN issue-158 41 9 depends depend VERB issue-158 41 10 essentially essentially ADV issue-158 41 11 on on ADP issue-158 41 12 the the DET issue-158 41 13 changes change NOUN issue-158 41 14 occurring occur VERB issue-158 41 15 in in ADP issue-158 41 16 the the DET issue-158 41 17 socio socio NOUN issue-158 41 18 - - PUNCT issue-158 41 19 economic economic ADJ issue-158 41 20 relations relation NOUN issue-158 41 21 , , PUNCT issue-158 41 22 the the DET issue-158 41 23 stability stability NOUN issue-158 41 24 of of ADP issue-158 41 25 international international ADJ issue-158 41 26 financial financial ADJ issue-158 41 27 markets market NOUN issue-158 41 28 , , PUNCT issue-158 41 29 and and CCONJ issue-158 41 30 the the DET issue-158 41 31 like like ADJ issue-158 41 32 . . PUNCT issue-158 42 1 given give VERB issue-158 42 2 this this PRON issue-158 42 3 , , PUNCT issue-158 42 4 the the DET issue-158 42 5 effectiveness effectiveness NOUN issue-158 42 6 of of ADP issue-158 42 7 this this DET issue-158 42 8 regime regime NOUN issue-158 42 9 is be AUX issue-158 42 10 low low ADJ issue-158 42 11 in in ADP issue-158 42 12 countries country NOUN issue-158 42 13 with with ADP issue-158 42 14 economies economy NOUN issue-158 42 15 in in ADP issue-158 42 16 transition transition NOUN issue-158 42 17 . . PUNCT issue-158 43 1 during during ADP issue-158 43 2 1970 1970 NUM issue-158 43 3 - - SYM issue-158 43 4 2000 2000 NUM issue-158 43 5 the the DET issue-158 43 6 monetary monetary ADJ issue-158 43 7 targeting targeting NOUN issue-158 43 8 was be AUX issue-158 43 9 tried try VERB issue-158 43 10 in in ADP issue-158 43 11 many many ADJ issue-158 43 12 countries country NOUN issue-158 43 13 such such ADJ issue-158 43 14 as as ADP issue-158 43 15 the the DET issue-158 43 16 uk uk PROPN issue-158 43 17 , , PUNCT issue-158 43 18 greece greece PROPN issue-158 43 19 , , PUNCT issue-158 43 20 albania albania PROPN issue-158 43 21 , , PUNCT issue-158 43 22 georgia georgia PROPN issue-158 43 23 , , PUNCT issue-158 43 24 china china PROPN issue-158 43 25 , , PUNCT issue-158 43 26 etc etc X issue-158 43 27 . . X issue-158 43 28 most most ADJ issue-158 43 29 of of ADP issue-158 43 30 them they PRON issue-158 43 31 were be AUX issue-158 43 32 forced force VERB issue-158 43 33 to to PART issue-158 43 34 abandon abandon VERB issue-158 43 35 this this DET issue-158 43 36 regime regime NOUN issue-158 43 37 due due ADP issue-158 43 38 to to ADP issue-158 43 39 a a DET issue-158 43 40 low low ADJ issue-158 43 41 efficiency efficiency NOUN issue-158 43 42 of of ADP issue-158 43 43 monetary monetary ADJ issue-158 43 44 aggregates aggregate NOUN issue-158 43 45 influence influence NOUN issue-158 43 46 on on ADP issue-158 43 47 the the DET issue-158 43 48 ultimate ultimate ADJ issue-158 43 49 goal goal NOUN issue-158 43 50 – – PUNCT issue-158 43 51 price price NOUN issue-158 43 52 stability stability NOUN issue-158 43 53 . . PUNCT issue-158 44 1 examples example NOUN issue-158 44 2 of of ADP issue-158 44 3 effective effective ADJ issue-158 44 4 targeting targeting NOUN issue-158 44 5 of of ADP issue-158 44 6 the the DET issue-158 44 7 money money NOUN issue-158 44 8 supply supply NOUN issue-158 44 9 are be AUX issue-158 44 10 germany germany PROPN issue-158 44 11 and and CCONJ issue-158 44 12 switzerland switzerland PROPN issue-158 44 13 . . PUNCT issue-158 45 1 indicators indicator NOUN issue-158 45 2 of of ADP issue-158 45 3 monetary monetary ADJ issue-158 45 4 targets target NOUN issue-158 45 5 in in ADP issue-158 45 6 these these DET issue-158 45 7 countries country NOUN issue-158 45 8 were be AUX issue-158 45 9 achieved achieve VERB issue-158 45 10 only only ADV issue-158 45 11 by by ADP issue-158 45 12 50 50 NUM issue-158 45 13 % % NOUN issue-158 45 14 ; ; PUNCT issue-158 45 15 however however ADV issue-158 45 16 , , PUNCT issue-158 45 17 inflation inflation NOUN issue-158 45 18 has have AUX issue-158 45 19 been be AUX issue-158 45 20 kept keep VERB issue-158 45 21 at at ADP issue-158 45 22 an an DET issue-158 45 23 average average ADJ issue-158 45 24 level level NOUN issue-158 45 25 that that PRON issue-158 45 26 does do AUX issue-158 45 27 not not PART issue-158 45 28 exceed exceed VERB issue-158 45 29 3 3 NUM issue-158 45 30 % % NOUN issue-158 45 31 . . PUNCT issue-158 46 1 the the DET issue-158 46 2 effectiveness effectiveness NOUN issue-158 46 3 of of ADP issue-158 46 4 this this DET issue-158 46 5 regime regime NOUN issue-158 46 6 in in ADP issue-158 46 7 germany germany PROPN issue-158 46 8 and and CCONJ issue-158 46 9 switzerland switzerland PROPN issue-158 46 10 was be AUX issue-158 46 11 based base VERB issue-158 46 12 on on ADP issue-158 46 13 the the DET issue-158 46 14 confidence confidence NOUN issue-158 46 15 in in ADP issue-158 46 16 the the DET issue-158 46 17 monetary monetary ADJ issue-158 46 18 authorities authority NOUN issue-158 46 19 ( ( PUNCT issue-158 46 20 radionova radionova PROPN issue-158 46 21 , , PUNCT issue-158 46 22 2009 2009 NUM issue-158 46 23 ) ) PUNCT issue-158 46 24 . . PUNCT issue-158 47 1 ukrainian ukrainian ADJ issue-158 47 2 scientist scientist NOUN issue-158 47 3 t. t. PROPN issue-158 47 4 slipchenko slipchenko PROPN issue-158 47 5 noted note VERB issue-158 47 6 that that SCONJ issue-158 47 7 the the DET issue-158 47 8 main main ADJ issue-158 47 9 advantages advantage NOUN issue-158 47 10 of of ADP issue-158 47 11 monetary monetary ADJ issue-158 47 12 targeting targeting NOUN issue-158 47 13 as as ADP issue-158 47 14 a a DET issue-158 47 15 monetary monetary ADJ issue-158 47 16 regime regime NOUN issue-158 47 17 are be AUX issue-158 47 18 " " PUNCT issue-158 47 19 sovereignty sovereignty NOUN issue-158 47 20 " " PUNCT issue-158 47 21 – – PUNCT issue-158 47 22 the the DET issue-158 47 23 central central ADJ issue-158 47 24 bank bank NOUN issue-158 47 25 chooses choose VERB issue-158 47 26 the the DET issue-158 47 27 inflation inflation NOUN issue-158 47 28 target target NOUN issue-158 47 29 , , PUNCT issue-158 47 30 and and CCONJ issue-158 47 31 has have VERB issue-158 47 32 the the DET issue-158 47 33 ability ability NOUN issue-158 47 34 to to PART issue-158 47 35 adjust adjust VERB issue-158 47 36 policy policy NOUN issue-158 47 37 depending depend VERB issue-158 47 38 on on ADP issue-158 47 39 internal internal ADJ issue-158 47 40 changes change NOUN issue-158 47 41 in in ADP issue-158 47 42 the the DET issue-158 47 43 volume volume NOUN issue-158 47 44 of of ADP issue-158 47 45 production production NOUN issue-158 47 46 and and CCONJ issue-158 47 47 a a DET issue-158 47 48 close close ADJ issue-158 47 49 relation relation NOUN issue-158 47 50 - - PUNCT issue-158 47 51 ship ship NOUN issue-158 47 52 with with ADP issue-158 47 53 the the DET issue-158 47 54 instruments instrument NOUN issue-158 47 55 of of ADP issue-158 47 56 monetary monetary ADJ issue-158 47 57 policy policy NOUN issue-158 47 58 , , PUNCT issue-158 47 59 that that ADV issue-158 47 60 is is ADV issue-158 47 61 , , PUNCT issue-158 47 62 a a DET issue-158 47 63 high high ADJ issue-158 47 64 level level NOUN issue-158 47 65 of of ADP issue-158 47 66 control control NOUN issue-158 47 67 by by ADP issue-158 47 68 the the DET issue-158 47 69 central central ADJ issue-158 47 70 bank bank NOUN issue-158 47 71 , , PUNCT issue-158 47 72 since since SCONJ issue-158 47 73 monetary monetary ADJ issue-158 47 74 aggregates aggregate NOUN issue-158 47 75 are be AUX issue-158 47 76 measured measure VERB issue-158 47 77 quickly quickly ADV issue-158 47 78 enough enough ADV issue-158 47 79 , , PUNCT issue-158 47 80 and and CCONJ issue-158 47 81 , , PUNCT issue-158 47 82 accordingly accordingly ADV issue-158 47 83 , , PUNCT issue-158 47 84 reports report NOUN issue-158 47 85 on on ADP issue-158 47 86 the the DET issue-158 47 87 implementation implementation NOUN issue-158 47 88 of of ADP issue-158 47 89 monetary monetary ADJ issue-158 47 90 targets target NOUN issue-158 47 91 communicated communicate VERB issue-158 47 92 to to ADP issue-158 47 93 the the DET issue-158 47 94 public public NOUN issue-158 47 95 with with ADP issue-158 47 96 relatively relatively ADV issue-158 47 97 short short ADJ issue-158 47 98 time time NOUN issue-158 47 99 lags lag VERB issue-158 47 100 up up ADP issue-158 47 101 to to ADP issue-158 47 102 several several ADJ issue-158 47 103 weeks week NOUN issue-158 47 104 ( ( PUNCT issue-158 47 105 slipchenko slipchenko ADJ issue-158 47 106 , , PUNCT issue-158 47 107 2010 2010 NUM issue-158 47 108 ) ) PUNCT issue-158 47 109 . . PUNCT issue-158 48 1 as as SCONJ issue-158 48 2 you you PRON issue-158 48 3 can can AUX issue-158 48 4 see see VERB issue-158 48 5 , , PUNCT issue-158 48 6 the the DET issue-158 48 7 advantages advantage NOUN issue-158 48 8 of of ADP issue-158 48 9 this this DET issue-158 48 10 regime regime NOUN issue-158 48 11 include include VERB issue-158 48 12 a a DET issue-158 48 13 high high ADJ issue-158 48 14 level level NOUN issue-158 48 15 of of ADP issue-158 48 16 coordination coordination NOUN issue-158 48 17 of of ADP issue-158 48 18 monetary monetary ADJ issue-158 48 19 and and CCONJ issue-158 48 20 overall overall ADJ issue-158 48 21 macroeconomic macroeconomic ADJ issue-158 48 22 policy policy NOUN issue-158 48 23 , , PUNCT issue-158 48 24 the the DET issue-158 48 25 ability ability NOUN issue-158 48 26 to to ADP issue-158 48 27 a a DET issue-158 48 28 rapid rapid ADJ issue-158 48 29 reaction reaction NOUN issue-158 48 30 by by ADP issue-158 48 31 the the DET issue-158 48 32 central central PROPN issue-158 48 33 bank bank PROPN issue-158 48 34 and and CCONJ issue-158 48 35 the the DET issue-158 48 36 stability stability NOUN issue-158 48 37 of of ADP issue-158 48 38 expectations expectation NOUN issue-158 48 39 associated associate VERB issue-158 48 40 with with ADP issue-158 48 41 full full ADJ issue-158 48 42 awareness awareness NOUN issue-158 48 43 . . PUNCT issue-158 49 1 the the DET issue-158 49 2 disadvantages disadvantage NOUN issue-158 49 3 include include VERB issue-158 49 4 the the DET issue-158 49 5 impossibility impossibility NOUN issue-158 49 6 of of ADP issue-158 49 7 control control NOUN issue-158 49 8 over over ADP issue-158 49 9 the the DET issue-158 49 10 money money NOUN issue-158 49 11 supply supply NOUN issue-158 49 12 in in ADP issue-158 49 13 case case NOUN issue-158 49 14 of of ADP issue-158 49 15 a a DET issue-158 49 16 high high ADJ issue-158 49 17 share share NOUN issue-158 49 18 of of ADP issue-158 49 19 cash cash NOUN issue-158 49 20 , , PUNCT issue-158 49 21 insolvency insolvency NOUN issue-158 49 22 in in ADP issue-158 49 23 case case NOUN issue-158 49 24 of of ADP issue-158 49 25 significant significant ADJ issue-158 49 26 fluctuations fluctuation NOUN issue-158 49 27 in in ADP issue-158 49 28 the the DET issue-158 49 29 demand demand NOUN issue-158 49 30 for for ADP issue-158 49 31 money money NOUN issue-158 49 32 , , PUNCT issue-158 49 33 the the DET issue-158 49 34 ambiguity ambiguity NOUN issue-158 49 35 of of ADP issue-158 49 36 the the DET issue-158 49 37 relationships relationship NOUN issue-158 49 38 between between ADP issue-158 49 39 changes change NOUN issue-158 49 40 in in ADP issue-158 49 41 the the DET issue-158 49 42 money money NOUN issue-158 49 43 supply supply NOUN issue-158 49 44 and and CCONJ issue-158 49 45 its its PRON issue-158 49 46 actual actual ADJ issue-158 49 47 performance performance NOUN issue-158 49 48 in in ADP issue-158 49 49 time time NOUN issue-158 49 50 intervals interval NOUN issue-158 49 51 ( ( PUNCT issue-158 49 52 prushkovskaya prushkovskaya NOUN issue-158 49 53 , , PUNCT issue-158 49 54 2010 2010 NUM issue-158 49 55 ) ) PUNCT issue-158 49 56 . . PUNCT issue-158 50 1 not not PART issue-158 50 2 less less ADJ issue-158 50 3 than than ADP issue-158 50 4 50 50 NUM issue-158 50 5 economies economy NOUN issue-158 50 6 of of ADP issue-158 50 7 the the DET issue-158 50 8 world world NOUN issue-158 50 9 continue continue VERB issue-158 50 10 to to PART issue-158 50 11 rigidly rigidly ADV issue-158 50 12 fix fix VERB issue-158 50 13 the the DET issue-158 50 14 courses course NOUN issue-158 50 15 of of ADP issue-158 50 16 their their PRON issue-158 50 17 currency currency NOUN issue-158 50 18 units unit NOUN issue-158 50 19 relative relative ADJ issue-158 50 20 to to ADP issue-158 50 21 third third ADJ issue-158 50 22 currencies currency NOUN issue-158 50 23 . . PUNCT issue-158 51 1 these these PRON issue-158 51 2 include include VERB issue-158 51 3 , , PUNCT issue-158 51 4 for for ADP issue-158 51 5 example example NOUN issue-158 51 6 , , PUNCT issue-158 51 7 hong hong PROPN issue-158 51 8 kong kong PROPN issue-158 51 9 , , PUNCT issue-158 51 10 malta malta PROPN issue-158 51 11 , , PUNCT issue-158 51 12 latvia latvia PROPN issue-158 51 13 , , PUNCT issue-158 51 14 lithuania lithuania PROPN issue-158 51 15 , , PUNCT issue-158 51 16 estonia estonia PROPN issue-158 51 17 , , PUNCT issue-158 51 18 etc etc X issue-158 51 19 . . X issue-158 51 20 selection selection NOUN issue-158 51 21 of of ADP issue-158 51 22 the the DET issue-158 51 23 regime regime NOUN issue-158 51 24 of of ADP issue-158 51 25 the the DET issue-158 51 26 exchange exchange NOUN issue-158 51 27 rate rate NOUN issue-158 51 28 targeting targeting NOUN issue-158 51 29 is be AUX issue-158 51 30 an an DET issue-158 51 31 effective effective ADJ issue-158 51 32 tool tool NOUN issue-158 51 33 to to PART issue-158 51 34 control control VERB issue-158 51 35 inflation inflation NOUN issue-158 51 36 . . PUNCT issue-158 52 1 the the DET issue-158 52 2 effectiveness effectiveness NOUN issue-158 52 3 of of ADP issue-158 52 4 this this DET issue-158 52 5 regime regime NOUN issue-158 52 6 directly directly ADV issue-158 52 7 depends depend VERB issue-158 52 8 on on ADP issue-158 52 9 such such ADJ issue-158 52 10 factors factor NOUN issue-158 52 11 as as ADP issue-158 52 12 the the DET issue-158 52 13 degree degree NOUN issue-158 52 14 of of ADP issue-158 52 15 openness openness NOUN issue-158 52 16 of of ADP issue-158 52 17 the the DET issue-158 52 18 economy economy NOUN issue-158 52 19 measured measure VERB issue-158 52 20 by by ADP issue-158 52 21 share share NOUN issue-158 52 22 of of ADP issue-158 52 23 imports import NOUN issue-158 52 24 in in ADP issue-158 52 25 consumption consumption NOUN issue-158 52 26 , , PUNCT issue-158 52 27 the the DET issue-158 52 28 volume volume NOUN issue-158 52 29 of of ADP issue-158 52 30 foreign foreign ADJ issue-158 52 31 exchange exchange NOUN issue-158 52 32 reserves reserve NOUN issue-158 52 33 and and CCONJ issue-158 52 34 so so ADV issue-158 52 35 on on ADV issue-158 52 36 ( ( PUNCT issue-158 52 37 papaika papaika NOUN issue-158 52 38 , , PUNCT issue-158 52 39 2010 2010 NUM issue-158 52 40 ) ) PUNCT issue-158 52 41 . . PUNCT issue-158 53 1 the the DET issue-158 53 2 disadvantages disadvantage NOUN issue-158 53 3 of of ADP issue-158 53 4 this this DET issue-158 53 5 regime regime NOUN issue-158 53 6 are be AUX issue-158 53 7 the the DET issue-158 53 8 dependence dependence NOUN issue-158 53 9 of of ADP issue-158 53 10 monetary monetary ADJ issue-158 53 11 policy policy NOUN issue-158 53 12 on on ADP issue-158 53 13 external external ADJ issue-158 53 14 economic economic ADJ issue-158 53 15 factors factor NOUN issue-158 53 16 , , PUNCT issue-158 53 17 the the DET issue-158 53 18 possibility possibility NOUN issue-158 53 19 of of ADP issue-158 53 20 an an DET issue-158 53 21 inflow inflow NOUN issue-158 53 22 of of ADP issue-158 53 23 short short ADJ issue-158 53 24 - - PUNCT issue-158 53 25 term term NOUN issue-158 53 26 speculative speculative ADJ issue-158 53 27 capital capital NOUN issue-158 53 28 and and CCONJ issue-158 53 29 the the DET issue-158 53 30 risk risk NOUN issue-158 53 31 of of ADP issue-158 53 32 destabilization destabilization NOUN issue-158 53 33 of of ADP issue-158 53 34 the the DET issue-158 53 35 financial financial ADJ issue-158 53 36 system system NOUN issue-158 53 37 in in ADP issue-158 53 38 the the DET issue-158 53 39 global global ADJ issue-158 53 40 currency currency NOUN issue-158 53 41 crises crisis NOUN issue-158 53 42 . . PUNCT issue-158 54 1 as as SCONJ issue-158 54 2 shows show VERB issue-158 54 3 the the DET issue-158 54 4 analysis analysis NOUN issue-158 54 5 of of ADP issue-158 54 6 the the DET issue-158 54 7 experience experience NOUN issue-158 54 8 of of ADP issue-158 54 9 individual individual ADJ issue-158 54 10 countries country NOUN issue-158 54 11 , , PUNCT issue-158 54 12 the the DET issue-158 54 13 policy policy NOUN issue-158 54 14 of of ADP issue-158 54 15 the the DET issue-158 54 16 exchange exchange NOUN issue-158 54 17 rate rate NOUN issue-158 54 18 targeting targeting NOUN issue-158 54 19 may may AUX issue-158 54 20 have have VERB issue-158 54 21 different different ADJ issue-158 54 22 consequences consequence NOUN issue-158 54 23 . . PUNCT issue-158 55 1 thus thus ADV issue-158 55 2 , , PUNCT issue-158 55 3 the the DET issue-158 55 4 positive positive ADJ issue-158 55 5 results result NOUN issue-158 55 6 were be AUX issue-158 55 7 achieved achieve VERB issue-158 55 8 in in ADP issue-158 55 9 bulgaria bulgaria PROPN issue-158 55 10 , , PUNCT issue-158 55 11 latvia latvia PROPN issue-158 55 12 , , PUNCT issue-158 55 13 tunisia tunisia PROPN issue-158 55 14 , , PUNCT issue-158 55 15 argentina argentina PROPN issue-158 55 16 . . PUNCT issue-158 56 1 a a DET issue-158 56 2 classic classic ADJ issue-158 56 3 example example NOUN issue-158 56 4 of of ADP issue-158 56 5 a a DET issue-158 56 6 country country NOUN issue-158 56 7 that that PRON issue-158 56 8 had have VERB issue-158 56 9 a a DET issue-158 56 10 bad bad ADJ issue-158 56 11 experience experience NOUN issue-158 56 12 is be AUX issue-158 56 13 brazil brazil PROPN issue-158 56 14 , , PUNCT issue-158 56 15 where where SCONJ issue-158 56 16 the the DET issue-158 56 17 application application NOUN issue-158 56 18 of of ADP issue-158 56 19 the the DET issue-158 56 20 regime regime NOUN issue-158 56 21 of of ADP issue-158 56 22 the the DET issue-158 56 23 exchange exchange NOUN issue-158 56 24 rate rate NOUN issue-158 56 25 targeting targeting NOUN issue-158 56 26 led lead VERB issue-158 56 27 to to ADP issue-158 56 28 hyperinflation hyperinflation NOUN issue-158 56 29 . . PUNCT issue-158 57 1 in in ADP issue-158 57 2 1990 1990 NUM issue-158 57 3 , , PUNCT issue-158 57 4 the the DET issue-158 57 5 reserve reserve PROPN issue-158 57 6 bank bank PROPN issue-158 57 7 of of ADP issue-158 57 8 new new PROPN issue-158 57 9 zealand zealand PROPN issue-158 57 10 was be AUX issue-158 57 11 the the DET issue-158 57 12 first first ADJ issue-158 57 13 to to PART issue-158 57 14 use use VERB issue-158 57 15 inflation inflation NOUN issue-158 57 16 targeting target VERB issue-158 57 17 regime regime NOUN issue-158 57 18 . . PUNCT issue-158 58 1 currently currently ADV issue-158 58 2 , , PUNCT issue-158 58 3 such such ADJ issue-158 58 4 policy policy NOUN issue-158 58 5 is be AUX issue-158 58 6 carried carry VERB issue-158 58 7 out out ADP issue-158 58 8 in in ADP issue-158 58 9 at at ADV issue-158 58 10 least least ADJ issue-158 58 11 26 26 NUM issue-158 58 12 countries country NOUN issue-158 58 13 , , PUNCT issue-158 58 14 including include VERB issue-158 58 15 economically economically ADV issue-158 58 16 developed develop VERB issue-158 58 17 countries country NOUN issue-158 58 18 ( ( PUNCT issue-158 58 19 australia australia PROPN issue-158 58 20 , , PUNCT issue-158 58 21 sweden sweden PROPN issue-158 58 22 , , PUNCT issue-158 58 23 canada canada PROPN issue-158 58 24 , , PUNCT issue-158 58 25 uk uk PROPN issue-158 58 26 ) ) PUNCT issue-158 58 27 , , PUNCT issue-158 58 28 developing develop VERB issue-158 58 29 countries country NOUN issue-158 58 30 ( ( PUNCT issue-158 58 31 brazil brazil PROPN issue-158 58 32 , , PUNCT issue-158 58 33 chile chile PROPN issue-158 58 34 , , PUNCT issue-158 58 35 mexico mexico PROPN issue-158 58 36 ) ) PUNCT issue-158 58 37 , , PUNCT issue-158 58 38 and and CCONJ issue-158 58 39 countries country NOUN issue-158 58 40 with with ADP issue-158 58 41 emerging emerge VERB issue-158 58 42 market market NOUN issue-158 58 43 economies economy NOUN issue-158 58 44 ( ( PUNCT issue-158 58 45 poland poland PROPN issue-158 58 46 , , PUNCT issue-158 58 47 czech czech PROPN issue-158 58 48 republic republic NOUN issue-158 58 49 , , PUNCT issue-158 58 50 slovenia slovenia PROPN issue-158 58 51 , , PUNCT issue-158 58 52 hungary hungary PROPN issue-158 58 53 ) ) PUNCT issue-158 58 54 . . PUNCT issue-158 59 1 the the DET issue-158 59 2 last last ADJ issue-158 59 3 introduced introduce VERB issue-158 59 4 the the DET issue-158 59 5 inflation inflation NOUN issue-158 59 6 targeting target VERB issue-158 59 7 regime regime NOUN issue-158 59 8 during during ADP issue-158 59 9 the the DET issue-158 59 10 transition transition NOUN issue-158 59 11 period period NOUN issue-158 59 12 , , PUNCT issue-158 59 13 with with ADP issue-158 59 14 the the DET issue-158 59 15 result result NOUN issue-158 59 16 that that PRON issue-158 59 17 has have AUX issue-158 59 18 reached reach VERB issue-158 59 19 the the DET issue-158 59 20 low low ADJ issue-158 59 21 level level NOUN issue-158 59 22 of of ADP issue-158 59 23 inflation inflation NOUN issue-158 59 24 and and CCONJ issue-158 59 25 sustainable sustainable ADJ issue-158 59 26 economic economic ADJ issue-158 59 27 growth growth NOUN issue-158 59 28 , , PUNCT issue-158 59 29 and and CCONJ issue-158 59 30 also also ADV issue-158 59 31 raised raise VERB issue-158 59 32 public public ADJ issue-158 59 33 confidence confidence NOUN issue-158 59 34 in in ADP issue-158 59 35 the the DET issue-158 59 36 monetary monetary ADJ issue-158 59 37 authorities authority NOUN issue-158 59 38 . . PUNCT issue-158 60 1 the the DET issue-158 60 2 concept concept NOUN issue-158 60 3 of of ADP issue-158 60 4 " " PUNCT issue-158 60 5 inflation inflation NOUN issue-158 60 6 targeting target VERB issue-158 60 7 " " PUNCT issue-158 60 8 is be AUX issue-158 60 9 defined define VERB issue-158 60 10 as as ADP issue-158 60 11 the the DET issue-158 60 12 monetary monetary ADJ issue-158 60 13 strategy strategy NOUN issue-158 60 14 that that PRON issue-158 60 15 involves involve VERB issue-158 60 16 the the DET issue-158 60 17 public public ADJ issue-158 60 18 announcement announcement NOUN issue-158 60 19 of of ADP issue-158 60 20 the the DET issue-158 60 21 inflation inflation NOUN issue-158 60 22 temps temp NOUN issue-158 60 23 by by ADP issue-158 60 24 the the DET issue-158 60 25 central central ADJ issue-158 60 26 bank bank NOUN issue-158 60 27 that that PRON issue-158 60 28 must must AUX issue-158 60 29 be be AUX issue-158 60 30 achieved achieve VERB issue-158 60 31 within within ADP issue-158 60 32 a a DET issue-158 60 33 certain certain ADJ issue-158 60 34 period period NOUN issue-158 60 35 , , PUNCT issue-158 60 36 and and CCONJ issue-158 60 37 provides provide VERB issue-158 60 38 increased increase VERB issue-158 60 39 transparency transparency NOUN issue-158 60 40 and and CCONJ issue-158 60 41 accountability accountability NOUN issue-158 60 42 of of ADP issue-158 60 43 the the DET issue-158 60 44 monetary monetary ADJ issue-158 60 45 regulation regulation NOUN issue-158 60 46 bodies body NOUN issue-158 60 47 . . PUNCT issue-158 61 1 baltic baltic PROPN issue-158 61 2 journal journal PROPN issue-158 61 3 of of ADP issue-158 61 4 economic economic ADJ issue-158 61 5 studies study NOUN issue-158 61 6 54 54 NUM issue-158 61 7 vol vol NOUN issue-158 61 8 . . PUNCT issue-158 62 1 3 3 NUM issue-158 62 2 , , PUNCT issue-158 62 3 no no INTJ issue-158 62 4 . . NOUN issue-158 62 5 1 1 NUM issue-158 62 6 , , PUNCT issue-158 62 7 2017 2017 NUM issue-158 62 8 an an DET issue-158 62 9 important important ADJ issue-158 62 10 condition condition NOUN issue-158 62 11 for for ADP issue-158 62 12 the the DET issue-158 62 13 transition transition NOUN issue-158 62 14 to to ADP issue-158 62 15 the the DET issue-158 62 16 inflation inflation NOUN issue-158 62 17 targeting target VERB issue-158 62 18 regime regime NOUN issue-158 62 19 is be AUX issue-158 62 20 a a DET issue-158 62 21 presence presence NOUN issue-158 62 22 of of ADP issue-158 62 23 the the DET issue-158 62 24 central central PROPN issue-158 62 25 bank bank NOUN issue-158 62 26 's 's PART issue-158 62 27 clear clear ADJ issue-158 62 28 vision vision NOUN issue-158 62 29 of of ADP issue-158 62 30 how how SCONJ issue-158 62 31 monetary monetary ADJ issue-158 62 32 policy policy NOUN issue-158 62 33 affects affect VERB issue-158 62 34 the the DET issue-158 62 35 real real ADJ issue-158 62 36 economy economy NOUN issue-158 62 37 . . PUNCT issue-158 63 1 this this PRON issue-158 63 2 makes make VERB issue-158 63 3 it it PRON issue-158 63 4 possible possible ADJ issue-158 63 5 to to PART issue-158 63 6 determine determine VERB issue-158 63 7 , , PUNCT issue-158 63 8 which which DET issue-158 63 9 instruments instrument NOUN issue-158 63 10 are be AUX issue-158 63 11 appropriate appropriate ADJ issue-158 63 12 to to PART issue-158 63 13 use use VERB issue-158 63 14 in in ADP issue-158 63 15 a a DET issue-158 63 16 given give VERB issue-158 63 17 situation situation NOUN issue-158 63 18 , , PUNCT issue-158 63 19 a a DET issue-158 63 20 time time NOUN issue-158 63 21 lag lag NOUN issue-158 63 22 of of ADP issue-158 63 23 the the DET issue-158 63 24 measures measure NOUN issue-158 63 25 of of ADP issue-158 63 26 the the DET issue-158 63 27 central central ADJ issue-158 63 28 bank bank NOUN issue-158 63 29 impact impact NOUN issue-158 63 30 on on ADP issue-158 63 31 macroeconomic macroeconomic ADJ issue-158 63 32 indicators indicator NOUN issue-158 63 33 and and CCONJ issue-158 63 34 how how SCONJ issue-158 63 35 they they PRON issue-158 63 36 will will AUX issue-158 63 37 be be AUX issue-158 63 38 effective effective ADJ issue-158 63 39 . . PUNCT issue-158 64 1 in in ADP issue-158 64 2 the the DET issue-158 64 3 developing develop VERB issue-158 64 4 countries country NOUN issue-158 64 5 , , PUNCT issue-158 64 6 the the DET issue-158 64 7 influence influence NOUN issue-158 64 8 of of ADP issue-158 64 9 monetary monetary ADJ issue-158 64 10 policy policy NOUN issue-158 64 11 on on ADP issue-158 64 12 the the DET issue-158 64 13 economy economy NOUN issue-158 64 14 is be AUX issue-158 64 15 characterized characterize VERB issue-158 64 16 by by ADP issue-158 64 17 a a DET issue-158 64 18 greater great ADJ issue-158 64 19 uncertainty uncertainty NOUN issue-158 64 20 due due ADP issue-158 64 21 to to ADP issue-158 64 22 permanent permanent ADJ issue-158 64 23 institutional institutional ADJ issue-158 64 24 and and CCONJ issue-158 64 25 structural structural ADJ issue-158 64 26 changes change NOUN issue-158 64 27 . . PUNCT issue-158 65 1 the the DET issue-158 65 2 technology technology NOUN issue-158 65 3 of of ADP issue-158 65 4 conducting conduct VERB issue-158 65 5 monetary monetary ADJ issue-158 65 6 policy policy NOUN issue-158 65 7 under under ADP issue-158 65 8 inflation inflation NOUN issue-158 65 9 targeting target VERB issue-158 65 10 is be AUX issue-158 65 11 based base VERB issue-158 65 12 on on ADP issue-158 65 13 two two NUM issue-158 65 14 main main ADJ issue-158 65 15 principles principle NOUN issue-158 65 16 . . PUNCT issue-158 66 1 the the DET issue-158 66 2 first first ADJ issue-158 66 3 is be AUX issue-158 66 4 a a DET issue-158 66 5 forecast forecast NOUN issue-158 66 6 of of ADP issue-158 66 7 how how SCONJ issue-158 66 8 the the DET issue-158 66 9 inflation inflation NOUN issue-158 66 10 process process NOUN issue-158 66 11 will will AUX issue-158 66 12 develop develop VERB issue-158 66 13 for for ADP issue-158 66 14 the the DET issue-158 66 15 assumption assumption NOUN issue-158 66 16 that that SCONJ issue-158 66 17 monetary monetary ADJ issue-158 66 18 policy policy NOUN issue-158 66 19 will will AUX issue-158 66 20 not not PART issue-158 66 21 change change VERB issue-158 66 22 . . PUNCT issue-158 67 1 the the DET issue-158 67 2 second second NOUN issue-158 67 3 is be AUX issue-158 67 4 a a DET issue-158 67 5 prediction prediction NOUN issue-158 67 6 as as ADP issue-158 67 7 to to ADP issue-158 67 8 what what PRON issue-158 67 9 will will AUX issue-158 67 10 be be AUX issue-158 67 11 the the DET issue-158 67 12 future future ADJ issue-158 67 13 inflation inflation NOUN issue-158 67 14 and and CCONJ issue-158 67 15 other other ADJ issue-158 67 16 macroeconomic macroeconomic ADJ issue-158 67 17 indicators indicator NOUN issue-158 67 18 in in ADP issue-158 67 19 the the DET issue-158 67 20 case case NOUN issue-158 67 21 of of ADP issue-158 67 22 current current ADJ issue-158 67 23 changes change NOUN issue-158 67 24 in in ADP issue-158 67 25 monetary monetary ADJ issue-158 67 26 policy policy NOUN issue-158 67 27 . . PUNCT issue-158 68 1 so so ADV issue-158 68 2 , , PUNCT issue-158 68 3 if if SCONJ issue-158 68 4 the the DET issue-158 68 5 inflation inflation NOUN issue-158 68 6 forecast forecast NOUN issue-158 68 7 exceeds exceed VERB issue-158 68 8 the the DET issue-158 68 9 inflation inflation NOUN issue-158 68 10 target target NOUN issue-158 68 11 , , PUNCT issue-158 68 12 the the DET issue-158 68 13 central central ADJ issue-158 68 14 bank bank NOUN issue-158 68 15 needs need VERB issue-158 68 16 to to PART issue-158 68 17 raise raise VERB issue-158 68 18 interest interest NOUN issue-158 68 19 rates rate NOUN issue-158 68 20 , , PUNCT issue-158 68 21 and and CCONJ issue-158 68 22 vice vice ADV issue-158 68 23 versa versa ADV issue-158 68 24 , , PUNCT issue-158 68 25 if if SCONJ issue-158 68 26 the the DET issue-158 68 27 inflation inflation NOUN issue-158 68 28 forecast forecast NOUN issue-158 68 29 is be AUX issue-158 68 30 below below ADP issue-158 68 31 the the DET issue-158 68 32 inflation inflation NOUN issue-158 68 33 target target NOUN issue-158 68 34 , , PUNCT issue-158 68 35 the the DET issue-158 68 36 central central ADJ issue-158 68 37 bank bank NOUN issue-158 68 38 should should AUX issue-158 68 39 reduce reduce VERB issue-158 68 40 the the DET issue-158 68 41 interest interest NOUN issue-158 68 42 rate rate NOUN issue-158 68 43 . . PUNCT issue-158 69 1 it it PRON issue-158 69 2 should should AUX issue-158 69 3 be be AUX issue-158 69 4 noted note VERB issue-158 69 5 that that SCONJ issue-158 69 6 the the DET issue-158 69 7 effects effect NOUN issue-158 69 8 of of ADP issue-158 69 9 monetary monetary ADJ issue-158 69 10 policy policy NOUN issue-158 69 11 occur occur VERB issue-158 69 12 with with ADP issue-158 69 13 a a DET issue-158 69 14 time time NOUN issue-158 69 15 lag lag NOUN issue-158 69 16 , , PUNCT issue-158 69 17 so so CCONJ issue-158 69 18 the the DET issue-158 69 19 medium medium ADJ issue-158 69 20 - - PUNCT issue-158 69 21 term term NOUN issue-158 69 22 forecast forecast NOUN issue-158 69 23 of of ADP issue-158 69 24 macroeconomic macroeconomic ADJ issue-158 69 25 development development NOUN issue-158 69 26 , , PUNCT issue-158 69 27 in in ADP issue-158 69 28 particular particular ADJ issue-158 69 29 , , PUNCT issue-158 69 30 inflation inflation NOUN issue-158 69 31 , , PUNCT issue-158 69 32 has have VERB issue-158 69 33 a a DET issue-158 69 34 sufficient sufficient ADJ issue-158 69 35 importance importance NOUN issue-158 69 36 . . PUNCT issue-158 70 1 since since SCONJ issue-158 70 2 the the DET issue-158 70 3 applying applying NOUN issue-158 70 4 of of ADP issue-158 70 5 inflation inflation NOUN issue-158 70 6 targeting target VERB issue-158 70 7 regime regime NOUN issue-158 70 8 , , PUNCT issue-158 70 9 the the DET issue-158 70 10 deviation deviation NOUN issue-158 70 11 of of ADP issue-158 70 12 the the DET issue-158 70 13 predicted predict VERB issue-158 70 14 values value NOUN issue-158 70 15 of of ADP issue-158 70 16 inflation inflation NOUN issue-158 70 17 from from ADP issue-158 70 18 the the DET issue-158 70 19 target target NOUN issue-158 70 20 acts act VERB issue-158 70 21 as as ADP issue-158 70 22 an an DET issue-158 70 23 intermediate intermediate ADJ issue-158 70 24 goal goal NOUN issue-158 70 25 , , PUNCT issue-158 70 26 so so ADV issue-158 70 27 the the DET issue-158 70 28 quality quality NOUN issue-158 70 29 of of ADP issue-158 70 30 the the DET issue-158 70 31 forecast forecast NOUN issue-158 70 32 becomes become VERB issue-158 70 33 the the DET issue-158 70 34 key key ADJ issue-158 70 35 element element NOUN issue-158 70 36 of of ADP issue-158 70 37 the the DET issue-158 70 38 effectiveness effectiveness NOUN issue-158 70 39 of of ADP issue-158 70 40 monetary monetary ADJ issue-158 70 41 policy policy NOUN issue-158 70 42 ( ( PUNCT issue-158 70 43 gritsenko gritsenko PROPN issue-158 70 44 , , PUNCT issue-158 70 45 2008 2008 NUM issue-158 70 46 ) ) PUNCT issue-158 70 47 . . PUNCT issue-158 71 1 thus thus ADV issue-158 71 2 , , PUNCT issue-158 71 3 the the DET issue-158 71 4 effective effective ADJ issue-158 71 5 system system NOUN issue-158 71 6 of of ADP issue-158 71 7 analysis analysis NOUN issue-158 71 8 and and CCONJ issue-158 71 9 forecasting forecasting NOUN issue-158 71 10 is be AUX issue-158 71 11 one one NUM issue-158 71 12 of of ADP issue-158 71 13 the the DET issue-158 71 14 most most ADV issue-158 71 15 important important ADJ issue-158 71 16 preconditions precondition NOUN issue-158 71 17 for for ADP issue-158 71 18 a a DET issue-158 71 19 successful successful ADJ issue-158 71 20 transition transition NOUN issue-158 71 21 of of ADP issue-158 71 22 central central ADJ issue-158 71 23 banks bank NOUN issue-158 71 24 from from ADP issue-158 71 25 the the DET issue-158 71 26 exchange exchange NOUN issue-158 71 27 rate rate NOUN issue-158 71 28 targeting target VERB issue-158 71 29 regime regime NOUN issue-158 71 30 to to ADP issue-158 71 31 the the DET issue-158 71 32 inflation inflation NOUN issue-158 71 33 targeting target VERB issue-158 71 34 regime regime NOUN issue-158 71 35 . . PUNCT issue-158 72 1 central central ADJ issue-158 72 2 banks bank NOUN issue-158 72 3 applying apply VERB issue-158 72 4 inflation inflation NOUN issue-158 72 5 targeting target VERB issue-158 72 6 , , PUNCT issue-158 72 7 target target VERB issue-158 72 8 out out ADP issue-158 72 9 also also ADV issue-158 72 10 inflation inflation NOUN issue-158 72 11 expectations expectation NOUN issue-158 72 12 , , PUNCT issue-158 72 13 which which PRON issue-158 72 14 serve serve VERB issue-158 72 15 as as ADP issue-158 72 16 a a DET issue-158 72 17 connecting connect VERB issue-158 72 18 thread thread NOUN issue-158 72 19 between between ADP issue-158 72 20 operating operate VERB issue-158 72 21 targets target NOUN issue-158 72 22 and and CCONJ issue-158 72 23 the the DET issue-158 72 24 ultimate ultimate ADJ issue-158 72 25 goal goal NOUN issue-158 72 26 of of ADP issue-158 72 27 monetary monetary ADJ issue-158 72 28 policy policy NOUN issue-158 72 29 . . PUNCT issue-158 73 1 not not PART issue-158 73 2 only only ADV issue-158 73 3 the the DET issue-158 73 4 officially officially ADV issue-158 73 5 proclaimed proclaim VERB issue-158 73 6 inflation inflation NOUN issue-158 73 7 target target NOUN issue-158 73 8 is be AUX issue-158 73 9 affected affect VERB issue-158 73 10 by by ADP issue-158 73 11 the the DET issue-158 73 12 expectations expectation NOUN issue-158 73 13 of of ADP issue-158 73 14 economic economic ADJ issue-158 73 15 agents agent NOUN issue-158 73 16 , , PUNCT issue-158 73 17 but but CCONJ issue-158 73 18 also also ADV issue-158 73 19 its its PRON issue-158 73 20 forecasts forecast NOUN issue-158 73 21 , , PUNCT issue-158 73 22 which which PRON issue-158 73 23 are be AUX issue-158 73 24 specified specify VERB issue-158 73 25 by by ADP issue-158 73 26 the the DET issue-158 73 27 central central ADJ issue-158 73 28 bank bank NOUN issue-158 73 29 in in ADP issue-158 73 30 periodic periodic ADJ issue-158 73 31 public public ADJ issue-158 73 32 reports report NOUN issue-158 73 33 . . PUNCT issue-158 74 1 the the DET issue-158 74 2 process process NOUN issue-158 74 3 of of ADP issue-158 74 4 forecasting forecasting NOUN issue-158 74 5 by by ADP issue-158 74 6 the the DET issue-158 74 7 monetary monetary ADJ issue-158 74 8 authorities authority NOUN issue-158 74 9 is be AUX issue-158 74 10 a a DET issue-158 74 11 " " PUNCT issue-158 74 12 black black ADJ issue-158 74 13 box box NOUN issue-158 74 14 " " PUNCT issue-158 74 15 for for ADP issue-158 74 16 the the DET issue-158 74 17 public public NOUN issue-158 74 18 and and CCONJ issue-158 74 19 associated associate VERB issue-158 74 20 with with ADP issue-158 74 21 the the DET issue-158 74 22 use use NOUN issue-158 74 23 of of ADP issue-158 74 24 a a DET issue-158 74 25 number number NOUN issue-158 74 26 of of ADP issue-158 74 27 complex complex ADJ issue-158 74 28 macroeconomic macroeconomic ADJ issue-158 74 29 regimes regime NOUN issue-158 74 30 . . PUNCT issue-158 75 1 if if SCONJ issue-158 75 2 economic economic ADJ issue-158 75 3 agents agent NOUN issue-158 75 4 trust trust VERB issue-158 75 5 the the DET issue-158 75 6 central central ADJ issue-158 75 7 bank bank NOUN issue-158 75 8 , , PUNCT issue-158 75 9 even even ADV issue-158 75 10 unexpected unexpected ADJ issue-158 75 11 external external ADJ issue-158 75 12 and and CCONJ issue-158 75 13 internal internal ADJ issue-158 75 14 shocks shock NOUN issue-158 75 15 , , PUNCT issue-158 75 16 which which PRON issue-158 75 17 were be AUX issue-158 75 18 not not PART issue-158 75 19 considered consider VERB issue-158 75 20 by by ADP issue-158 75 21 the the DET issue-158 75 22 central central ADJ issue-158 75 23 bank bank NOUN issue-158 75 24 in in ADP issue-158 75 25 the the DET issue-158 75 26 forecasting forecasting NOUN issue-158 75 27 process process NOUN issue-158 75 28 , , PUNCT issue-158 75 29 may may AUX issue-158 75 30 be be AUX issue-158 75 31 impaired impair VERB issue-158 75 32 by by ADP issue-158 75 33 the the DET issue-158 75 34 influence influence NOUN issue-158 75 35 of of ADP issue-158 75 36 optimistic optimistic ADJ issue-158 75 37 inflation inflation NOUN issue-158 75 38 expectations expectation NOUN issue-158 75 39 . . PUNCT issue-158 76 1 that that PRON issue-158 76 2 is be AUX issue-158 76 3 , , PUNCT issue-158 76 4 the the DET issue-158 76 5 expectations expectation NOUN issue-158 76 6 of of ADP issue-158 76 7 economic economic ADJ issue-158 76 8 agents agent NOUN issue-158 76 9 are be AUX issue-158 76 10 influenced influence VERB issue-158 76 11 both both CCONJ issue-158 76 12 by by ADP issue-158 76 13 the the DET issue-158 76 14 actual actual ADJ issue-158 76 15 change change NOUN issue-158 76 16 of of ADP issue-158 76 17 the the DET issue-158 76 18 direction direction NOUN issue-158 76 19 of of ADP issue-158 76 20 monetary monetary ADJ issue-158 76 21 policy policy NOUN issue-158 76 22 , , PUNCT issue-158 76 23 and and CCONJ issue-158 76 24 just just ADV issue-158 76 25 announcements announcement NOUN issue-158 76 26 about about ADP issue-158 76 27 upcoming upcoming ADJ issue-158 76 28 intentions intention NOUN issue-158 76 29 of of ADP issue-158 76 30 the the DET issue-158 76 31 central central ADJ issue-158 76 32 bank bank NOUN issue-158 76 33 . . PUNCT issue-158 77 1 4 4 X issue-158 77 2 . . NOUN issue-158 77 3 advantages advantage NOUN issue-158 77 4 and and CCONJ issue-158 77 5 disadvantages disadvantage NOUN issue-158 77 6 of of ADP issue-158 77 7 inflation inflation NOUN issue-158 77 8 targeting target VERB issue-158 77 9 inflation inflation NOUN issue-158 77 10 targeting target VERB issue-158 77 11 is be AUX issue-158 77 12 implemented implement VERB issue-158 77 13 through through ADP issue-158 77 14 active active ADJ issue-158 77 15 and and CCONJ issue-158 77 16 passive passive ADJ issue-158 77 17 approaches approach NOUN issue-158 77 18 . . PUNCT issue-158 78 1 the the DET issue-158 78 2 passive passive ADJ issue-158 78 3 approach approach NOUN issue-158 78 4 includes include VERB issue-158 78 5 the the DET issue-158 78 6 following follow VERB issue-158 78 7 monetary monetary ADJ issue-158 78 8 policy policy NOUN issue-158 78 9 tools tool NOUN issue-158 78 10 : : PUNCT issue-158 78 11 a a DET issue-158 78 12 narrow narrow ADJ issue-158 78 13 corridor corridor NOUN issue-158 78 14 of of ADP issue-158 78 15 the the DET issue-158 78 16 interest interest NOUN issue-158 78 17 rates rate NOUN issue-158 78 18 in in ADP issue-158 78 19 the the DET issue-158 78 20 interbank interbank NOUN issue-158 78 21 market market NOUN issue-158 78 22 , , PUNCT issue-158 78 23 the the DET issue-158 78 24 conduct conduct NOUN issue-158 78 25 of of ADP issue-158 78 26 irregular irregular ADJ issue-158 78 27 transactions transaction NOUN issue-158 78 28 in in ADP issue-158 78 29 the the DET issue-158 78 30 open open ADJ issue-158 78 31 market market NOUN issue-158 78 32 , , PUNCT issue-158 78 33 the the DET issue-158 78 34 use use NOUN issue-158 78 35 of of ADP issue-158 78 36 reserve reserve NOUN issue-158 78 37 requirements requirement NOUN issue-158 78 38 to to PART issue-158 78 39 regulate regulate VERB issue-158 78 40 liquidity liquidity NOUN issue-158 78 41 . . PUNCT issue-158 79 1 the the DET issue-158 79 2 active active ADJ issue-158 79 3 approach approach NOUN issue-158 79 4 , , PUNCT issue-158 79 5 in in ADP issue-158 79 6 turn turn NOUN issue-158 79 7 , , PUNCT issue-158 79 8 provides provide VERB issue-158 79 9 for for ADP issue-158 79 10 a a DET issue-158 79 11 wide wide ADJ issue-158 79 12 interest interest NOUN issue-158 79 13 rate rate NOUN issue-158 79 14 corridor corridor PROPN issue-158 79 15 , , PUNCT issue-158 79 16 the the DET issue-158 79 17 lack lack NOUN issue-158 79 18 of of ADP issue-158 79 19 regular regular ADJ issue-158 79 20 transactions transaction NOUN issue-158 79 21 in in ADP issue-158 79 22 the the DET issue-158 79 23 open open ADJ issue-158 79 24 market market NOUN issue-158 79 25 and and CCONJ issue-158 79 26 minimal minimal ADJ issue-158 79 27 use use NOUN issue-158 79 28 of of ADP issue-158 79 29 reserve reserve NOUN issue-158 79 30 requirements requirement NOUN issue-158 79 31 . . PUNCT issue-158 80 1 international international ADJ issue-158 80 2 experience experience NOUN issue-158 80 3 of of ADP issue-158 80 4 inflation inflation NOUN issue-158 80 5 targeting target VERB issue-158 80 6 regime regime NOUN issue-158 80 7 confirms confirm VERB issue-158 80 8 its its PRON issue-158 80 9 effectiveness effectiveness NOUN issue-158 80 10 , , PUNCT issue-158 80 11 since since SCONJ issue-158 80 12 none none NOUN issue-158 80 13 of of ADP issue-158 80 14 the the DET issue-158 80 15 countries country NOUN issue-158 80 16 that that PRON issue-158 80 17 have have AUX issue-158 80 18 adopted adopt VERB issue-158 80 19 this this DET issue-158 80 20 strategy strategy NOUN issue-158 80 21 , , PUNCT issue-158 80 22 abandoned abandon VERB issue-158 80 23 it it PRON issue-158 80 24 . . PUNCT issue-158 81 1 in in ADP issue-158 81 2 these these DET issue-158 81 3 countries country NOUN issue-158 81 4 , , PUNCT issue-158 81 5 today today NOUN issue-158 81 6 the the DET issue-158 81 7 macroeconomic macroeconomic ADJ issue-158 81 8 situation situation NOUN issue-158 81 9 is be AUX issue-158 81 10 characterized characterize VERB issue-158 81 11 by by ADP issue-158 81 12 steady steady ADJ issue-158 81 13 economic economic ADJ issue-158 81 14 growth growth NOUN issue-158 81 15 , , PUNCT issue-158 81 16 less less ADJ issue-158 81 17 vulnerability vulnerability NOUN issue-158 81 18 to to ADP issue-158 81 19 external external ADJ issue-158 81 20 shocks shock NOUN issue-158 81 21 , , PUNCT issue-158 81 22 low low ADJ issue-158 81 23 and and CCONJ issue-158 81 24 stable stable ADJ issue-158 81 25 inflation inflation NOUN issue-158 81 26 . . PUNCT issue-158 82 1 application application NOUN issue-158 82 2 practice practice NOUN issue-158 82 3 shows show VERB issue-158 82 4 the the DET issue-158 82 5 existence existence NOUN issue-158 82 6 of of ADP issue-158 82 7 subtypes subtype NOUN issue-158 82 8 of of ADP issue-158 82 9 this this DET issue-158 82 10 regime regime NOUN issue-158 82 11 , , PUNCT issue-158 82 12 as as SCONJ issue-158 82 13 different different ADJ issue-158 82 14 countries country NOUN issue-158 82 15 use use VERB issue-158 82 16 inflation inflation NOUN issue-158 82 17 targeting target VERB issue-158 82 18 that that PRON issue-158 82 19 was be AUX issue-158 82 20 developed develop VERB issue-158 82 21 according accord VERB issue-158 82 22 to to ADP issue-158 82 23 their their PRON issue-158 82 24 system system NOUN issue-158 82 25 characteristics characteristic NOUN issue-158 82 26 . . PUNCT issue-158 83 1 such such ADJ issue-158 83 2 subtypes subtype NOUN issue-158 83 3 include include VERB issue-158 83 4 : : PUNCT issue-158 83 5 full full ADJ issue-158 83 6 - - PUNCT issue-158 83 7 fledged fledged ADJ issue-158 83 8 inflation inflation NOUN issue-158 83 9 targeting target VERB issue-158 83 10 – – PUNCT issue-158 83 11 full full ADJ issue-158 83 12 transparency transparency NOUN issue-158 83 13 lighting lighting NOUN issue-158 83 14 inflation inflation NOUN issue-158 83 15 target target NOUN issue-158 83 16 , , PUNCT issue-158 83 17 strict strict ADJ issue-158 83 18 adherence adherence NOUN issue-158 83 19 to to ADP issue-158 83 20 the the DET issue-158 83 21 selected select VERB issue-158 83 22 target target NOUN issue-158 83 23 without without ADP issue-158 83 24 corrective corrective ADJ issue-158 83 25 measures measure NOUN issue-158 83 26 from from ADP issue-158 83 27 the the DET issue-158 83 28 central central ADJ issue-158 83 29 banks bank NOUN issue-158 83 30 . . PUNCT issue-158 84 1 first first ADV issue-158 84 2 used use VERB issue-158 84 3 in in ADP issue-158 84 4 new new ADJ issue-158 84 5 zea zea NOUN issue-158 84 6 - - PUNCT issue-158 84 7 land land NOUN issue-158 84 8 , , PUNCT issue-158 84 9 later later ADV issue-158 84 10 it it PRON issue-158 84 11 spread spread VERB issue-158 84 12 among among ADP issue-158 84 13 developing develop VERB issue-158 84 14 countries country NOUN issue-158 84 15 , , PUNCT issue-158 84 16 particularly particularly ADV issue-158 84 17 in in ADP issue-158 84 18 brazil brazil PROPN issue-158 84 19 , , PUNCT issue-158 84 20 colombia colombia PROPN issue-158 84 21 , , PUNCT issue-158 84 22 hungary hungary PROPN issue-158 84 23 , , PUNCT issue-158 84 24 mexico mexico PROPN issue-158 84 25 and and CCONJ issue-158 84 26 poland poland PROPN issue-158 84 27 ; ; PUNCT issue-158 84 28 disguised disguise VERB issue-158 84 29 inflation inflation NOUN issue-158 84 30 targeting target VERB issue-158 84 31 – – PUNCT issue-158 84 32 allows allow VERB issue-158 84 33 changes change NOUN issue-158 84 34 in in ADP issue-158 84 35 the the DET issue-158 84 36 level level NOUN issue-158 84 37 of of ADP issue-158 84 38 inflation inflation NOUN issue-158 84 39 . . PUNCT issue-158 85 1 in in ADP issue-158 85 2 this this DET issue-158 85 3 subtype subtype NOUN issue-158 85 4 of of ADP issue-158 85 5 the the DET issue-158 85 6 regime regime NOUN issue-158 85 7 , , PUNCT issue-158 85 8 there there PRON issue-158 85 9 is be VERB issue-158 85 10 certain certain ADJ issue-158 85 11 opacity opacity NOUN issue-158 85 12 . . PUNCT issue-158 86 1 used use VERB issue-158 86 2 by by ADP issue-158 86 3 the the DET issue-158 86 4 european european PROPN issue-158 86 5 central central PROPN issue-158 86 6 bank bank PROPN issue-158 86 7 and and CCONJ issue-158 86 8 by by ADP issue-158 86 9 the the DET issue-158 86 10 federal federal PROPN issue-158 86 11 reserve reserve PROPN issue-158 86 12 system system NOUN issue-158 86 13 of of ADP issue-158 86 14 the the DET issue-158 86 15 united united PROPN issue-158 86 16 states states PROPN issue-158 86 17 ; ; PUNCT issue-158 86 18 experimental experimental ADJ issue-158 86 19 inflation inflation NOUN issue-158 86 20 targeting target VERB issue-158 86 21 – – PUNCT issue-158 86 22 means mean VERB issue-158 86 23 the the DET issue-158 86 24 broad broad ADJ issue-158 86 25 inflation inflation NOUN issue-158 86 26 tasks task NOUN issue-158 86 27 proclamation proclamation NOUN issue-158 86 28 in in ADP issue-158 86 29 conditions condition NOUN issue-158 86 30 of of ADP issue-158 86 31 low low ADJ issue-158 86 32 public public ADJ issue-158 86 33 confidence confidence NOUN issue-158 86 34 in in ADP issue-158 86 35 the the DET issue-158 86 36 central central ADJ issue-158 86 37 bank bank NOUN issue-158 86 38 . . PUNCT issue-158 87 1 the the DET issue-158 87 2 advantages advantage NOUN issue-158 87 3 of of ADP issue-158 87 4 inflation inflation NOUN issue-158 87 5 targeting target VERB issue-158 87 6 are be AUX issue-158 87 7 : : PUNCT issue-158 87 8 the the DET issue-158 87 9 ease ease NOUN issue-158 87 10 of of ADP issue-158 87 11 evaluating evaluate VERB issue-158 87 12 the the DET issue-158 87 13 effectiveness effectiveness NOUN issue-158 87 14 of of ADP issue-158 87 15 monetary monetary ADJ issue-158 87 16 policy policy NOUN issue-158 87 17 , , PUNCT issue-158 87 18 a a DET issue-158 87 19 flexible flexible ADJ issue-158 87 20 exchange exchange NOUN issue-158 87 21 rate rate NOUN issue-158 87 22 policy policy NOUN issue-158 87 23 and and CCONJ issue-158 87 24 a a DET issue-158 87 25 creation creation NOUN issue-158 87 26 of of ADP issue-158 87 27 conditions condition NOUN issue-158 87 28 for for ADP issue-158 87 29 the the DET issue-158 87 30 balanced balanced ADJ issue-158 87 31 development development NOUN issue-158 87 32 of of ADP issue-158 87 33 all all DET issue-158 87 34 sectors sector NOUN issue-158 87 35 of of ADP issue-158 87 36 the the DET issue-158 87 37 economy economy NOUN issue-158 87 38 , , PUNCT issue-158 87 39 slowed slow VERB issue-158 87 40 because because SCONJ issue-158 87 41 of of ADP issue-158 87 42 the the DET issue-158 87 43 negative negative ADJ issue-158 87 44 impact impact NOUN issue-158 87 45 of of ADP issue-158 87 46 inflation inflation NOUN issue-158 87 47 . . PUNCT issue-158 88 1 according accord VERB issue-158 88 2 to to ADP issue-158 88 3 domestic domestic ADJ issue-158 88 4 economist economist NOUN issue-158 88 5 v. v. ADP issue-158 88 6 gordienko gordienko PROPN issue-158 88 7 , , PUNCT issue-158 88 8 significant significant ADJ issue-158 88 9 benefits benefit NOUN issue-158 88 10 of of ADP issue-158 88 11 the the DET issue-158 88 12 monetary monetary ADJ issue-158 88 13 policy policy NOUN issue-158 88 14 regime regime NOUN issue-158 88 15 of of ADP issue-158 88 16 inflation inflation NOUN issue-158 88 17 targeting target VERB issue-158 88 18 include include VERB issue-158 88 19 : : PUNCT issue-158 88 20 1 1 X issue-158 88 21 ) ) PUNCT issue-158 88 22 formation formation NOUN issue-158 88 23 of of ADP issue-158 88 24 inflation inflation NOUN issue-158 88 25 expectations expectation NOUN issue-158 88 26 at at ADP issue-158 88 27 a a DET issue-158 88 28 low low ADJ issue-158 88 29 level level NOUN issue-158 88 30 ; ; PUNCT issue-158 88 31 2 2 X issue-158 88 32 ) ) PUNCT issue-158 88 33 in in ADP issue-158 88 34 most most ADJ issue-158 88 35 cases case NOUN issue-158 88 36 allows allow VERB issue-158 88 37 reducing reduce VERB issue-158 88 38 inflation inflation NOUN issue-158 88 39 in in ADP issue-158 88 40 the the DET issue-158 88 41 short short ADJ issue-158 88 42 term term NOUN issue-158 88 43 ; ; PUNCT issue-158 88 44 3 3 X issue-158 88 45 ) ) PUNCT issue-158 88 46 helps help VERB issue-158 88 47 to to PART issue-158 88 48 strengthen strengthen VERB issue-158 88 49 the the DET issue-158 88 50 actual actual ADJ issue-158 88 51 central central ADJ issue-158 88 52 bank bank NOUN issue-158 88 53 ’s ’s PART issue-158 88 54 independence independence NOUN issue-158 88 55 and and CCONJ issue-158 88 56 credibility credibility NOUN issue-158 88 57 ; ; PUNCT issue-158 88 58 4 4 X issue-158 88 59 ) ) PUNCT issue-158 88 60 allows allow VERB issue-158 88 61 overcoming overcome VERB issue-158 88 62 internal internal ADJ issue-158 88 63 and and CCONJ issue-158 88 64 external external ADJ issue-158 88 65 shocks shock NOUN issue-158 88 66 ; ; PUNCT issue-158 88 67 5 5 X issue-158 88 68 ) ) PUNCT issue-158 88 69 resolves resolve VERB issue-158 88 70 contradictions contradiction NOUN issue-158 88 71 associated associate VERB issue-158 88 72 with with ADP issue-158 88 73 the the DET issue-158 88 74 objectives objective NOUN issue-158 88 75 of of ADP issue-158 88 76 monetary monetary ADJ issue-158 88 77 policy policy NOUN issue-158 88 78 ; ; PUNCT issue-158 88 79 6 6 X issue-158 88 80 ) ) PUNCT issue-158 88 81 reduces reduce VERB issue-158 88 82 the the DET issue-158 88 83 likelihood likelihood NOUN issue-158 88 84 of of ADP issue-158 88 85 crises crisis NOUN issue-158 88 86 ; ; PUNCT issue-158 88 87 7 7 X issue-158 88 88 ) ) PUNCT issue-158 88 89 creates create VERB issue-158 88 90 positive positive ADJ issue-158 88 91 conditions condition NOUN issue-158 88 92 for for ADP issue-158 88 93 the the DET issue-158 88 94 development development NOUN issue-158 88 95 of of ADP issue-158 88 96 the the DET issue-158 88 97 economy economy NOUN issue-158 88 98 as as ADP issue-158 88 99 a a DET issue-158 88 100 whole whole ADJ issue-158 88 101 ( ( PUNCT issue-158 88 102 gordienko gordienko PROPN issue-158 88 103 , , PUNCT issue-158 88 104 2012 2012 NUM issue-158 88 105 ) ) PUNCT issue-158 88 106 . . PUNCT issue-158 89 1 the the DET issue-158 89 2 disadvantages disadvantage NOUN issue-158 89 3 of of ADP issue-158 89 4 this this DET issue-158 89 5 regime regime NOUN issue-158 89 6 you you PRON issue-158 89 7 need need VERB issue-158 89 8 to to PART issue-158 89 9 include include VERB issue-158 89 10 are be AUX issue-158 89 11 the the DET issue-158 89 12 impact impact NOUN issue-158 89 13 of of ADP issue-158 89 14 factors factor NOUN issue-158 89 15 that that PRON issue-158 89 16 are be AUX issue-158 89 17 not not PART issue-158 89 18 controlled control VERB issue-158 89 19 by by ADP issue-158 89 20 the the DET issue-158 89 21 central central PROPN issue-158 89 22 bank bank NOUN issue-158 89 23 ( ( PUNCT issue-158 89 24 e.g. e.g. ADV issue-158 89 25 , , PUNCT issue-158 89 26 the the DET issue-158 89 27 status status NOUN issue-158 89 28 of of ADP issue-158 89 29 the the DET issue-158 89 30 financial financial ADJ issue-158 89 31 sector sector NOUN issue-158 89 32 ) ) PUNCT issue-158 89 33 on on ADP issue-158 89 34 the the DET issue-158 89 35 inflation inflation NOUN issue-158 89 36 dynamics dynamic NOUN issue-158 89 37 , , PUNCT issue-158 89 38 as as ADV issue-158 89 39 well well ADV issue-158 89 40 as as ADP issue-158 89 41 limiting limit VERB issue-158 89 42 opportunities opportunity NOUN issue-158 89 43 for for ADP issue-158 89 44 stimulating stimulate VERB issue-158 89 45 economic economic ADJ issue-158 89 46 growth growth NOUN issue-158 89 47 and and CCONJ issue-158 89 48 reducing reduce VERB issue-158 89 49 unemployment unemployment NOUN issue-158 89 50 with with ADP issue-158 89 51 monetary monetary ADJ issue-158 89 52 policy policy NOUN issue-158 89 53 instruments instrument NOUN issue-158 89 54 . . PUNCT issue-158 90 1 baltic baltic PROPN issue-158 90 2 journal journal PROPN issue-158 90 3 of of ADP issue-158 90 4 economic economic ADJ issue-158 90 5 studies study NOUN issue-158 90 6 55 55 NUM issue-158 90 7 vol vol NOUN issue-158 90 8 . . PUNCT issue-158 91 1 3 3 NUM issue-158 91 2 , , PUNCT issue-158 91 3 no no INTJ issue-158 91 4 . . NOUN issue-158 91 5 1 1 NUM issue-158 91 6 , , PUNCT issue-158 91 7 2017 2017 NUM issue-158 91 8 5 5 NUM issue-158 91 9 . . PUNCT issue-158 92 1 recommendations recommendation NOUN issue-158 92 2 for for ADP issue-158 92 3 ukraine ukraine NOUN issue-158 92 4 based base VERB issue-158 92 5 on on ADP issue-158 92 6 the the DET issue-158 92 7 experience experience NOUN issue-158 92 8 of of ADP issue-158 92 9 other other ADJ issue-158 92 10 countries country NOUN issue-158 92 11 , , PUNCT issue-158 92 12 the the DET issue-158 92 13 main main ADJ issue-158 92 14 direction direction NOUN issue-158 92 15 for for ADP issue-158 92 16 improving improve VERB issue-158 92 17 the the DET issue-158 92 18 monetary monetary ADJ issue-158 92 19 policy policy NOUN issue-158 92 20 of of ADP issue-158 92 21 ukraine ukraine NOUN issue-158 92 22 is be AUX issue-158 92 23 determined determine VERB issue-158 92 24 as as ADP issue-158 92 25 a a DET issue-158 92 26 phased phase VERB issue-158 92 27 transition transition NOUN issue-158 92 28 from from ADP issue-158 92 29 the the DET issue-158 92 30 regime regime NOUN issue-158 92 31 of of ADP issue-158 92 32 targeting target VERB issue-158 92 33 the the DET issue-158 92 34 exchange exchange NOUN issue-158 92 35 rate rate NOUN issue-158 92 36 ( ( PUNCT issue-158 92 37 which which PRON issue-158 92 38 was be AUX issue-158 92 39 defined define VERB issue-158 92 40 as as ADP issue-158 92 41 a a DET issue-158 92 42 financial financial ADJ issue-158 92 43 priority priority NOUN issue-158 92 44 of of ADP issue-158 92 45 the the DET issue-158 92 46 monetary monetary ADJ issue-158 92 47 policy policy NOUN issue-158 92 48 of of ADP issue-158 92 49 ukraine ukraine NOUN issue-158 92 50 in in ADP issue-158 92 51 1997 1997 NUM issue-158 92 52 ( ( PUNCT issue-158 92 53 bazilevich bazilevich NOUN issue-158 92 54 , , PUNCT issue-158 92 55 2007 2007 NUM issue-158 92 56 ) ) PUNCT issue-158 92 57 ) ) PUNCT issue-158 92 58 to to ADP issue-158 92 59 the the DET issue-158 92 60 regime regime NOUN issue-158 92 61 of of ADP issue-158 92 62 inflation inflation NOUN issue-158 92 63 targeting target VERB issue-158 92 64 . . PUNCT issue-158 93 1 during during ADP issue-158 93 2 the the DET issue-158 93 3 first first ADJ issue-158 93 4 stage stage NOUN issue-158 93 5 , , PUNCT issue-158 93 6 you you PRON issue-158 93 7 need need VERB issue-158 93 8 to to PART issue-158 93 9 reduce reduce VERB issue-158 93 10 utilization utilization NOUN issue-158 93 11 of of ADP issue-158 93 12 foreign foreign ADJ issue-158 93 13 exchange exchange NOUN issue-158 93 14 interventions intervention NOUN issue-158 93 15 that that PRON issue-158 93 16 will will AUX issue-158 93 17 make make VERB issue-158 93 18 the the DET issue-158 93 19 exchange exchange NOUN issue-158 93 20 rate rate NOUN issue-158 93 21 more more ADV issue-158 93 22 flexible flexible ADJ issue-158 93 23 and and CCONJ issue-158 93 24 to to PART issue-158 93 25 increase increase VERB issue-158 93 26 the the DET issue-158 93 27 influence influence NOUN issue-158 93 28 of of ADP issue-158 93 29 interest interest NOUN issue-158 93 30 rate rate NOUN issue-158 93 31 policy policy NOUN issue-158 93 32 , , PUNCT issue-158 93 33 which which PRON issue-158 93 34 should should AUX issue-158 93 35 become become VERB issue-158 93 36 the the DET issue-158 93 37 main main ADJ issue-158 93 38 tool tool NOUN issue-158 93 39 of of ADP issue-158 93 40 the the DET issue-158 93 41 nbu nbu NOUN issue-158 93 42 . . PUNCT issue-158 94 1 it it PRON issue-158 94 2 is be AUX issue-158 94 3 also also ADV issue-158 94 4 important important ADJ issue-158 94 5 to to PART issue-158 94 6 implement implement VERB issue-158 94 7 a a DET issue-158 94 8 number number NOUN issue-158 94 9 of of ADP issue-158 94 10 measures measure NOUN issue-158 94 11 aimed aim VERB issue-158 94 12 at at ADP issue-158 94 13 the the DET issue-158 94 14 development development NOUN issue-158 94 15 of of ADP issue-158 94 16 the the DET issue-158 94 17 stock stock NOUN issue-158 94 18 market market NOUN issue-158 94 19 of of ADP issue-158 94 20 ukraine ukraine NOUN issue-158 94 21 . . PUNCT issue-158 95 1 the the DET issue-158 95 2 purpose purpose NOUN issue-158 95 3 of of ADP issue-158 95 4 the the DET issue-158 95 5 second second ADJ issue-158 95 6 stage stage NOUN issue-158 95 7 is be AUX issue-158 95 8 the the DET issue-158 95 9 transition transition NOUN issue-158 95 10 to to ADP issue-158 95 11 full full ADJ issue-158 95 12 inflation inflation NOUN issue-158 95 13 targeting target VERB issue-158 95 14 by by ADP issue-158 95 15 further further ADJ issue-158 95 16 liberalization liberalization NOUN issue-158 95 17 of of ADP issue-158 95 18 operations operation NOUN issue-158 95 19 with with ADP issue-158 95 20 capital capital NOUN issue-158 95 21 movement movement NOUN issue-158 95 22 . . PUNCT issue-158 96 1 the the DET issue-158 96 2 main main ADJ issue-158 96 3 results result NOUN issue-158 96 4 of of ADP issue-158 96 5 the the DET issue-158 96 6 second second ADJ issue-158 96 7 stage stage NOUN issue-158 96 8 should should AUX issue-158 96 9 be be AUX issue-158 96 10 the the DET issue-158 96 11 transparency transparency NOUN issue-158 96 12 and and CCONJ issue-158 96 13 efficiency efficiency NOUN issue-158 96 14 of of ADP issue-158 96 15 the the DET issue-158 96 16 impact impact NOUN issue-158 96 17 of of ADP issue-158 96 18 interest interest NOUN issue-158 96 19 rate rate NOUN issue-158 96 20 policy policy NOUN issue-158 96 21 and and CCONJ issue-158 96 22 a a DET issue-158 96 23 flexible flexible ADJ issue-158 96 24 exchange exchange NOUN issue-158 96 25 rate rate NOUN issue-158 96 26 . . PUNCT issue-158 97 1 the the DET issue-158 97 2 criteria criterion NOUN issue-158 97 3 for for ADP issue-158 97 4 the the DET issue-158 97 5 formation formation NOUN issue-158 97 6 of of ADP issue-158 97 7 the the DET issue-158 97 8 most most ADV issue-158 97 9 favourable favourable ADJ issue-158 97 10 environment environment NOUN issue-158 97 11 for for ADP issue-158 97 12 the the DET issue-158 97 13 transition transition NOUN issue-158 97 14 to to ADP issue-158 97 15 the the DET issue-158 97 16 inflation inflation NOUN issue-158 97 17 targeting target VERB issue-158 97 18 in in ADP issue-158 97 19 the the DET issue-158 97 20 country country NOUN issue-158 97 21 are be AUX issue-158 97 22 : : PUNCT issue-158 97 23 the the DET issue-158 97 24 central central ADJ issue-158 97 25 bank bank NOUN issue-158 97 26 independence independence NOUN issue-158 97 27 , , PUNCT issue-158 97 28 transparency transparency NOUN issue-158 97 29 and and CCONJ issue-158 97 30 informational informational ADJ issue-158 97 31 openness openness NOUN issue-158 97 32 of of ADP issue-158 97 33 the the DET issue-158 97 34 nbu nbu PROPN issue-158 97 35 , , PUNCT issue-158 97 36 central central ADJ issue-158 97 37 bank bank NOUN issue-158 97 38 credibility credibility NOUN issue-158 97 39 , , PUNCT issue-158 97 40 a a DET issue-158 97 41 qualitative qualitative ADJ issue-158 97 42 inflation inflation NOUN issue-158 97 43 forecast forecast NOUN issue-158 97 44 , , PUNCT issue-158 97 45 high high ADJ issue-158 97 46 level level NOUN issue-158 97 47 of of ADP issue-158 97 48 training training NOUN issue-158 97 49 of of ADP issue-158 97 50 analysts analyst NOUN issue-158 97 51 and and CCONJ issue-158 97 52 a a DET issue-158 97 53 robust robust ADJ issue-158 97 54 statistical statistical ADJ issue-158 97 55 base base NOUN issue-158 97 56 , , PUNCT issue-158 97 57 a a DET issue-158 97 58 developed develop VERB issue-158 97 59 financial financial ADJ issue-158 97 60 market market NOUN issue-158 97 61 , , PUNCT issue-158 97 62 free free ADJ issue-158 97 63 pricing pricing NOUN issue-158 97 64 , , PUNCT issue-158 97 65 low low ADJ issue-158 97 66 level level NOUN issue-158 97 67 of of ADP issue-158 97 68 dollarization dollarization NOUN issue-158 97 69 of of ADP issue-158 97 70 the the DET issue-158 97 71 economy economy NOUN issue-158 97 72 , , PUNCT issue-158 97 73 coordination coordination NOUN issue-158 97 74 of of ADP issue-158 97 75 instruments instrument NOUN issue-158 97 76 of of ADP issue-158 97 77 monetary monetary ADJ issue-158 97 78 and and CCONJ issue-158 97 79 fiscal fiscal ADJ issue-158 97 80 policy policy NOUN issue-158 97 81 . . PUNCT issue-158 98 1 so so ADV issue-158 98 2 , , PUNCT issue-158 98 3 the the DET issue-158 98 4 possible possible ADJ issue-158 98 5 positive positive ADJ issue-158 98 6 aspects aspect NOUN issue-158 98 7 of of ADP issue-158 98 8 the the DET issue-158 98 9 implementation implementation NOUN issue-158 98 10 of of ADP issue-158 98 11 inflation inflation NOUN issue-158 98 12 targeting target VERB issue-158 98 13 in in ADP issue-158 98 14 ukraine ukraine NOUN issue-158 98 15 include include VERB issue-158 98 16 : : PUNCT issue-158 98 17 1 1 X issue-158 98 18 ) ) PUNCT issue-158 98 19 increasing increase VERB issue-158 98 20 trust trust NOUN issue-158 98 21 of of ADP issue-158 98 22 the the DET issue-158 98 23 population population NOUN issue-158 98 24 , , PUNCT issue-158 98 25 primarily primarily ADV issue-158 98 26 in in ADP issue-158 98 27 the the DET issue-158 98 28 national national PROPN issue-158 98 29 bank bank PROPN issue-158 98 30 of of ADP issue-158 98 31 ukraine ukraine PROPN issue-158 98 32 and and CCONJ issue-158 98 33 the the DET issue-158 98 34 government government NOUN issue-158 98 35 , , PUNCT issue-158 98 36 which which PRON issue-158 98 37 is be AUX issue-158 98 38 one one NUM issue-158 98 39 of of ADP issue-158 98 40 the the DET issue-158 98 41 factors factor NOUN issue-158 98 42 in in ADP issue-158 98 43 the the DET issue-158 98 44 formation formation NOUN issue-158 98 45 of of ADP issue-158 98 46 inflation inflation NOUN issue-158 98 47 expectations expectation NOUN issue-158 98 48 ; ; PUNCT issue-158 98 49 2 2 X issue-158 98 50 ) ) PUNCT issue-158 98 51 ensuring ensure VERB issue-158 98 52 stable stable ADJ issue-158 98 53 economic economic ADJ issue-158 98 54 development development NOUN issue-158 98 55 of of ADP issue-158 98 56 ukraine ukraine NOUN issue-158 98 57 in in ADP issue-158 98 58 the the DET issue-158 98 59 long long ADJ issue-158 98 60 term term NOUN issue-158 98 61 ; ; PUNCT issue-158 98 62 3 3 X issue-158 98 63 ) ) PUNCT issue-158 98 64 increasing increase VERB issue-158 98 65 of of ADP issue-158 98 66 foreign foreign ADJ issue-158 98 67 investment investment NOUN issue-158 98 68 ( ( PUNCT issue-158 98 69 which which PRON issue-158 98 70 will will AUX issue-158 98 71 affect affect VERB issue-158 98 72 the the DET issue-158 98 73 development development NOUN issue-158 98 74 of of ADP issue-158 98 75 financial financial ADJ issue-158 98 76 - - PUNCT issue-158 98 77 credit credit NOUN issue-158 98 78 sector sector NOUN issue-158 98 79 and and CCONJ issue-158 98 80 the the DET issue-158 98 81 economy economy NOUN issue-158 98 82 as as ADP issue-158 98 83 a a DET issue-158 98 84 whole whole NOUN issue-158 98 85 ) ) PUNCT issue-158 98 86 ; ; PUNCT issue-158 98 87 4 4 X issue-158 98 88 ) ) PUNCT issue-158 98 89 lower low ADJ issue-158 98 90 prices price NOUN issue-158 98 91 for for ADP issue-158 98 92 imported import VERB issue-158 98 93 goods good NOUN issue-158 98 94 ; ; PUNCT issue-158 98 95 5 5 X issue-158 98 96 ) ) PUNCT issue-158 98 97 increasing increase VERB issue-158 98 98 transparency transparency NOUN issue-158 98 99 and and CCONJ issue-158 98 100 efficiency efficiency NOUN issue-158 98 101 of of ADP issue-158 98 102 functioning function VERB issue-158 98 103 of of ADP issue-158 98 104 the the DET issue-158 98 105 government government NOUN issue-158 98 106 securities security NOUN issue-158 98 107 market market NOUN issue-158 98 108 ; ; PUNCT issue-158 98 109 6 6 X issue-158 98 110 ) ) PUNCT issue-158 98 111 creation creation NOUN issue-158 98 112 of of ADP issue-158 98 113 mechanisms mechanism NOUN issue-158 98 114 to to PART issue-158 98 115 counter counter VERB issue-158 98 116 external external ADJ issue-158 98 117 shocks shock NOUN issue-158 98 118 and and CCONJ issue-158 98 119 manage manage VERB issue-158 98 120 cash cash NOUN issue-158 98 121 flow flow NOUN issue-158 98 122 in in ADP issue-158 98 123 all all DET issue-158 98 124 sectors sector NOUN issue-158 98 125 of of ADP issue-158 98 126 the the DET issue-158 98 127 economy economy NOUN issue-158 98 128 ; ; PUNCT issue-158 98 129 7 7 X issue-158 98 130 ) ) PUNCT issue-158 98 131 reducing reduce VERB issue-158 98 132 the the DET issue-158 98 133 likelihood likelihood NOUN issue-158 98 134 of of ADP issue-158 98 135 crises crisis NOUN issue-158 98 136 . . PUNCT issue-158 99 1 however however ADV issue-158 99 2 , , PUNCT issue-158 99 3 according accord VERB issue-158 99 4 to to ADP issue-158 99 5 vishnevska vishnevska NOUN issue-158 99 6 , , PUNCT issue-158 99 7 the the DET issue-158 99 8 implementation implementation NOUN issue-158 99 9 of of ADP issue-158 99 10 the the DET issue-158 99 11 inflation inflation NOUN issue-158 99 12 targeting target VERB issue-158 99 13 regime regime NOUN issue-158 99 14 in in ADP issue-158 99 15 ukraine ukraine NOUN issue-158 99 16 in in ADP issue-158 99 17 the the DET issue-158 99 18 absence absence NOUN issue-158 99 19 of of ADP issue-158 99 20 basic basic ADJ issue-158 99 21 preconditions precondition NOUN issue-158 99 22 was be AUX issue-158 99 23 a a DET issue-158 99 24 necessary necessary ADJ issue-158 99 25 step step NOUN issue-158 99 26 , , PUNCT issue-158 99 27 but but CCONJ issue-158 99 28 , , PUNCT issue-158 99 29 as as SCONJ issue-158 99 30 practice practice NOUN issue-158 99 31 shows show NOUN issue-158 99 32 , , PUNCT issue-158 99 33 untimely untimely ADJ issue-158 99 34 , , PUNCT issue-158 99 35 and and CCONJ issue-158 99 36 the the DET issue-158 99 37 proof proof NOUN issue-158 99 38 is be AUX issue-158 99 39 the the DET issue-158 99 40 inability inability NOUN issue-158 99 41 of of ADP issue-158 99 42 the the DET issue-158 99 43 nbu nbu NOUN issue-158 99 44 in in ADP issue-158 99 45 2014 2014 NUM issue-158 99 46 to to PART issue-158 99 47 ensure ensure VERB issue-158 99 48 price price NOUN issue-158 99 49 stability stability NOUN issue-158 99 50 in in ADP issue-158 99 51 conditions condition NOUN issue-158 99 52 of of ADP issue-158 99 53 macro macro ADJ issue-158 99 54 - - ADJ issue-158 99 55 economic economic ADJ issue-158 99 56 instability instability NOUN issue-158 99 57 ( ( PUNCT issue-158 99 58 vishnevska vishnevska NOUN issue-158 99 59 , , PUNCT issue-158 99 60 2015 2015 NUM issue-158 99 61 ) ) PUNCT issue-158 99 62 . . PUNCT issue-158 100 1 the the DET issue-158 100 2 inflation inflation NOUN issue-158 100 3 targeting target VERB issue-158 100 4 regime regime NOUN issue-158 100 5 was be AUX issue-158 100 6 implemented implement VERB issue-158 100 7 in in ADP issue-158 100 8 unfavourable unfavourable ADJ issue-158 100 9 for for ADP issue-158 100 10 ukraine ukraine NOUN issue-158 100 11 's 's PART issue-158 100 12 economy economy NOUN issue-158 100 13 conditions condition NOUN issue-158 100 14 , , PUNCT issue-158 100 15 in in ADP issue-158 100 16 particular particular ADJ issue-158 100 17 with with ADP issue-158 100 18 inflation inflation NOUN issue-158 100 19 almost almost ADV issue-158 100 20 of of ADP issue-158 100 21 24.9 24.9 NUM issue-158 100 22 % % NOUN issue-158 100 23 in in ADP issue-158 100 24 2014 2014 NUM issue-158 100 25 , , PUNCT issue-158 100 26 the the DET issue-158 100 27 devaluation devaluation NOUN issue-158 100 28 of of ADP issue-158 100 29 hryvnia hryvnia NOUN issue-158 100 30 by by ADP issue-158 100 31 almost almost ADV issue-158 100 32 310 310 NUM issue-158 100 33 % % NOUN issue-158 100 34 ( ( PUNCT issue-158 100 35 from from ADP issue-158 100 36 8.3 8.3 NUM issue-158 100 37 uah uah ADJ issue-158 100 38 / / SYM issue-158 100 39 usd usd NOUN issue-158 100 40 in in ADP issue-158 100 41 2013 2013 NUM issue-158 100 42 to to ADP issue-158 100 43 around around ADV issue-158 100 44 34,0 34,0 PROPN issue-158 100 45 uah uah ADJ issue-158 100 46 / / SYM issue-158 100 47 usd usd NOUN issue-158 100 48 in in ADP issue-158 100 49 february february PROPN issue-158 100 50 2015 2015 NUM issue-158 100 51 ) ) PUNCT issue-158 100 52 and and CCONJ issue-158 100 53 the the DET issue-158 100 54 fall fall NOUN issue-158 100 55 of of ADP issue-158 100 56 gdp gdp NOUN issue-158 100 57 by by ADP issue-158 100 58 15.2 15.2 NUM issue-158 100 59 % % NOUN issue-158 100 60 in in ADP issue-158 100 61 2014 2014 NUM issue-158 100 62 . . PUNCT issue-158 101 1 the the DET issue-158 101 2 influence influence NOUN issue-158 101 3 of of ADP issue-158 101 4 the the DET issue-158 101 5 external external ADJ issue-158 101 6 environment environment NOUN issue-158 101 7 will will AUX issue-158 101 8 further far ADV issue-158 101 9 increase increase VERB issue-158 101 10 the the DET issue-158 101 11 dependence dependence NOUN issue-158 101 12 of of ADP issue-158 101 13 inflation inflation NOUN issue-158 101 14 targeting target VERB issue-158 101 15 on on ADP issue-158 101 16 the the DET issue-158 101 17 budget budget NOUN issue-158 101 18 needs need NOUN issue-158 101 19 ( ( PUNCT issue-158 101 20 kornev kornev PROPN issue-158 101 21 , , PUNCT issue-158 101 22 2015 2015 NUM issue-158 101 23 ) ) PUNCT issue-158 101 24 . . PUNCT issue-158 102 1 6 6 X issue-158 102 2 . . X issue-158 102 3 conclusions conclusion NOUN issue-158 102 4 one one NUM issue-158 102 5 of of ADP issue-158 102 6 the the DET issue-158 102 7 main main ADJ issue-158 102 8 preconditions precondition NOUN issue-158 102 9 for for ADP issue-158 102 10 the the DET issue-158 102 11 effective effective ADJ issue-158 102 12 functioning functioning NOUN issue-158 102 13 of of ADP issue-158 102 14 the the DET issue-158 102 15 economy economy NOUN issue-158 102 16 is be AUX issue-158 102 17 ensuring ensure VERB issue-158 102 18 of of ADP issue-158 102 19 a a DET issue-158 102 20 stable stable ADJ issue-158 102 21 and and CCONJ issue-158 102 22 low low ADJ issue-158 102 23 inflation inflation NOUN issue-158 102 24 . . PUNCT issue-158 103 1 the the DET issue-158 103 2 achievement achievement NOUN issue-158 103 3 of of ADP issue-158 103 4 the the DET issue-158 103 5 inflation inflation NOUN issue-158 103 6 target target NOUN issue-158 103 7 is be AUX issue-158 103 8 possible possible ADJ issue-158 103 9 primarily primarily ADV issue-158 103 10 due due ADP issue-158 103 11 to to ADP issue-158 103 12 the the DET issue-158 103 13 choice choice NOUN issue-158 103 14 of of ADP issue-158 103 15 the the DET issue-158 103 16 optimal optimal ADJ issue-158 103 17 central central ADJ issue-158 103 18 bank bank NOUN issue-158 103 19 monetary monetary ADJ issue-158 103 20 policy policy NOUN issue-158 103 21 . . PUNCT issue-158 104 1 given give VERB issue-158 104 2 the the DET issue-158 104 3 socioeconomic socioeconomic ADJ issue-158 104 4 realities reality NOUN issue-158 104 5 of of ADP issue-158 104 6 ukraine ukraine NOUN issue-158 104 7 , , PUNCT issue-158 104 8 the the DET issue-158 104 9 most most ADV issue-158 104 10 expedient expedient ADJ issue-158 104 11 one one NUM issue-158 104 12 is be AUX issue-158 104 13 the the DET issue-158 104 14 implementation implementation NOUN issue-158 104 15 of of ADP issue-158 104 16 the the DET issue-158 104 17 inflation inflation NOUN issue-158 104 18 targeting target VERB issue-158 104 19 regime regime NOUN issue-158 104 20 . . PUNCT issue-158 105 1 inflation inflation NOUN issue-158 105 2 targeting target VERB issue-158 105 3 should should AUX issue-158 105 4 be be AUX issue-158 105 5 viewed view VERB issue-158 105 6 as as ADP issue-158 105 7 a a DET issue-158 105 8 monetary monetary ADJ issue-158 105 9 system system NOUN issue-158 105 10 device device NOUN issue-158 105 11 , , PUNCT issue-158 105 12 which which PRON issue-158 105 13 is be AUX issue-158 105 14 characterized characterize VERB issue-158 105 15 by by ADP issue-158 105 16 a a DET issue-158 105 17 public public ADJ issue-158 105 18 proclamation proclamation NOUN issue-158 105 19 of of ADP issue-158 105 20 the the DET issue-158 105 21 official official ADJ issue-158 105 22 quantitative quantitative ADJ issue-158 105 23 inflation inflation NOUN issue-158 105 24 target target NOUN issue-158 105 25 in in ADP issue-158 105 26 the the DET issue-158 105 27 medium medium ADJ issue-158 105 28 term term NOUN issue-158 105 29 and and CCONJ issue-158 105 30 a a DET issue-158 105 31 clear clear ADJ issue-158 105 32 understanding understanding NOUN issue-158 105 33 and and CCONJ issue-158 105 34 confidence confidence NOUN issue-158 105 35 that that SCONJ issue-158 105 36 low low ADJ issue-158 105 37 and and CCONJ issue-158 105 38 stable stable ADJ issue-158 105 39 inflation inflation NOUN issue-158 105 40 is be AUX issue-158 105 41 the the DET issue-158 105 42 primary primary ADJ issue-158 105 43 goal goal NOUN issue-158 105 44 of of ADP issue-158 105 45 monetary monetary ADJ issue-158 105 46 policy policy NOUN issue-158 105 47 in in ADP issue-158 105 48 the the DET issue-158 105 49 long long ADJ issue-158 105 50 run run NOUN issue-158 105 51 . . PUNCT issue-158 106 1 in in ADP issue-158 106 2 addition addition NOUN issue-158 106 3 , , PUNCT issue-158 106 4 an an DET issue-158 106 5 important important ADJ issue-158 106 6 condition condition NOUN issue-158 106 7 for for ADP issue-158 106 8 the the DET issue-158 106 9 implementation implementation NOUN issue-158 106 10 of of ADP issue-158 106 11 this this DET issue-158 106 12 monetary monetary ADJ issue-158 106 13 regime regime NOUN issue-158 106 14 is be AUX issue-158 106 15 understanding understand VERB issue-158 106 16 that that SCONJ issue-158 106 17 it it PRON issue-158 106 18 will will AUX issue-158 106 19 stimulate stimulate VERB issue-158 106 20 positive positive ADJ issue-158 106 21 changes change NOUN issue-158 106 22 concerning concern VERB issue-158 106 23 the the DET issue-158 106 24 implementation implementation NOUN issue-158 106 25 of of ADP issue-158 106 26 monetary monetary ADJ issue-158 106 27 policy policy NOUN issue-158 106 28 , , PUNCT issue-158 106 29 strengthening strengthen VERB issue-158 106 30 the the DET issue-158 106 31 effectiveness effectiveness NOUN issue-158 106 32 of of ADP issue-158 106 33 the the DET issue-158 106 34 use use NOUN issue-158 106 35 of of ADP issue-158 106 36 its its PRON issue-158 106 37 main main ADJ issue-158 106 38 tools tool NOUN issue-158 106 39 to to PART issue-158 106 40 increase increase VERB issue-158 106 41 the the DET issue-158 106 42 independence independence NOUN issue-158 106 43 of of ADP issue-158 106 44 the the DET issue-158 106 45 central central ADJ issue-158 106 46 bank bank NOUN issue-158 106 47 in in ADP issue-158 106 48 terms term NOUN issue-158 106 49 of of ADP issue-158 106 50 accountability accountability NOUN issue-158 106 51 and and CCONJ issue-158 106 52 transparency transparency NOUN issue-158 106 53 and and CCONJ issue-158 106 54 will will AUX issue-158 106 55 contribute contribute VERB issue-158 106 56 to to ADP issue-158 106 57 the the DET issue-158 106 58 development development NOUN issue-158 106 59 of of ADP issue-158 106 60 the the DET issue-158 106 61 system system NOUN issue-158 106 62 analysis analysis NOUN issue-158 106 63 and and CCONJ issue-158 106 64 forecasting forecasting NOUN issue-158 106 65 of of ADP issue-158 106 66 the the DET issue-158 106 67 inflation inflation NOUN issue-158 106 68 target target NOUN issue-158 106 69 in in ADP issue-158 106 70 the the DET issue-158 106 71 country country NOUN issue-158 106 72 . . PUNCT issue-158 107 1 there there PRON issue-158 107 2 are be VERB issue-158 107 3 the the DET issue-158 107 4 following following ADJ issue-158 107 5 ways way NOUN issue-158 107 6 to to PART issue-158 107 7 improve improve VERB issue-158 107 8 monetary monetary ADJ issue-158 107 9 control control NOUN issue-158 107 10 in in ADP issue-158 107 11 conditions condition NOUN issue-158 107 12 of of ADP issue-158 107 13 implementation implementation NOUN issue-158 107 14 of of ADP issue-158 107 15 the the DET issue-158 107 16 inflation inflation NOUN issue-158 107 17 targeting target VERB issue-158 107 18 regime regime NOUN issue-158 107 19 : : PUNCT issue-158 107 20 enhancing enhance VERB issue-158 107 21 the the DET issue-158 107 22 role role NOUN issue-158 107 23 of of ADP issue-158 107 24 interest interest NOUN issue-158 107 25 rates rate NOUN issue-158 107 26 in in ADP issue-158 107 27 managing manage VERB issue-158 107 28 inflation inflation NOUN issue-158 107 29 through through ADP issue-158 107 30 adherence adherence NOUN issue-158 107 31 to to ADP issue-158 107 32 the the DET issue-158 107 33 basic basic ADJ issue-158 107 34 rules rule NOUN issue-158 107 35 of of ADP issue-158 107 36 interest interest NOUN issue-158 107 37 policy policy NOUN issue-158 107 38 ; ; PUNCT issue-158 107 39 strengthening strengthen VERB issue-158 107 40 the the DET issue-158 107 41 capacity capacity NOUN issue-158 107 42 of of ADP issue-158 107 43 the the DET issue-158 107 44 nbu nbu NOUN issue-158 107 45 to to PART issue-158 107 46 develop develop VERB issue-158 107 47 its its PRON issue-158 107 48 own own ADJ issue-158 107 49 forecasts forecast NOUN issue-158 107 50 of of ADP issue-158 107 51 macroeconomic macroeconomic ADJ issue-158 107 52 indicators indicator NOUN issue-158 107 53 , , PUNCT issue-158 107 54 which which PRON issue-158 107 55 will will AUX issue-158 107 56 be be AUX issue-158 107 57 the the DET issue-158 107 58 basis basis NOUN issue-158 107 59 for for ADP issue-158 107 60 making make VERB issue-158 107 61 monetary monetary ADJ issue-158 107 62 decisions decision NOUN issue-158 107 63 and and CCONJ issue-158 107 64 will will AUX issue-158 107 65 enhance enhance VERB issue-158 107 66 the the DET issue-158 107 67 independence independence NOUN issue-158 107 68 of of ADP issue-158 107 69 the the DET issue-158 107 70 regulator regulator NOUN issue-158 107 71 ; ; PUNCT issue-158 107 72 improving improve VERB issue-158 107 73 the the DET issue-158 107 74 efficiency efficiency NOUN issue-158 107 75 of of ADP issue-158 107 76 the the DET issue-158 107 77 process process NOUN issue-158 107 78 of of ADP issue-158 107 79 making make VERB issue-158 107 80 monetary monetary ADJ issue-158 107 81 decisions decision NOUN issue-158 107 82 and and CCONJ issue-158 107 83 improving improve VERB issue-158 107 84 communication communication NOUN issue-158 107 85 policy policy NOUN issue-158 107 86 with with ADP issue-158 107 87 the the DET issue-158 107 88 aim aim NOUN issue-158 107 89 of of ADP issue-158 107 90 restoring restore VERB issue-158 107 91 confidence confidence NOUN issue-158 107 92 in in ADP issue-158 107 93 the the DET issue-158 107 94 regulatory regulatory ADJ issue-158 107 95 actions action NOUN issue-158 107 96 ; ; PUNCT issue-158 107 97 a a DET issue-158 107 98 better well ADJ issue-158 107 99 coordination coordination NOUN issue-158 107 100 of of ADP issue-158 107 101 monetary monetary ADJ issue-158 107 102 and and CCONJ issue-158 107 103 fiscal fiscal ADJ issue-158 107 104 policy policy NOUN issue-158 107 105 to to PART issue-158 107 106 achieve achieve VERB issue-158 107 107 the the DET issue-158 107 108 inflation inflation NOUN issue-158 107 109 target target NOUN issue-158 107 110 and and CCONJ issue-158 107 111 keeping keep VERB issue-158 107 112 it it PRON issue-158 107 113 at at ADP issue-158 107 114 low low ADJ issue-158 107 115 levels level NOUN issue-158 107 116 for for ADP issue-158 107 117 a a DET issue-158 107 118 long long ADJ issue-158 107 119 time time NOUN issue-158 107 120 . . PUNCT issue-158 108 1 a a DET issue-158 108 2 promising promising ADJ issue-158 108 3 direction direction NOUN issue-158 108 4 for for ADP issue-158 108 5 further further ADJ issue-158 108 6 research research NOUN issue-158 108 7 is be AUX issue-158 108 8 an an DET issue-158 108 9 in in ADP issue-158 108 10 - - PUNCT issue-158 108 11 depth depth NOUN issue-158 108 12 analysis analysis NOUN issue-158 108 13 of of ADP issue-158 108 14 the the DET issue-158 108 15 transmission transmission NOUN issue-158 108 16 mechanism mechanism NOUN issue-158 108 17 of of ADP issue-158 108 18 monetary monetary ADJ issue-158 108 19 policy policy NOUN issue-158 108 20 , , PUNCT issue-158 108 21 directly directly ADV issue-158 108 22 connected connect VERB issue-158 108 23 with with ADP issue-158 108 24 the the DET issue-158 108 25 inflation inflation NOUN issue-158 108 26 targeting target VERB issue-158 108 27 regime regime NOUN issue-158 108 28 and and CCONJ issue-158 108 29 that that PRON issue-158 108 30 may may AUX issue-158 108 31 lead lead VERB issue-158 108 32 to to ADP issue-158 108 33 the the DET issue-158 108 34 more more ADV issue-158 108 35 effective effective ADJ issue-158 108 36 impact impact NOUN issue-158 108 37 of of ADP issue-158 108 38 the the DET issue-158 108 39 central central ADJ issue-158 108 40 bank bank NOUN issue-158 108 41 on on ADP issue-158 108 42 the the DET issue-158 108 43 economy economy NOUN issue-158 108 44 of of ADP issue-158 108 45 ukraine ukraine PROPN issue-158 108 46 . . PUNCT issue-158 109 1 baltic baltic PROPN issue-158 109 2 journal journal PROPN issue-158 109 3 of of ADP issue-158 109 4 economic economic ADJ issue-158 109 5 studies study NOUN issue-158 109 6 56 56 NUM issue-158 109 7 vol vol NOUN issue-158 109 8 . . PUNCT issue-158 110 1 3 3 NUM issue-158 110 2 , , PUNCT issue-158 110 3 no no INTJ issue-158 110 4 . . NOUN issue-158 110 5 1 1 NUM issue-158 110 6 , , PUNCT issue-158 110 7 2017 2017 NUM issue-158 110 8 references reference NOUN issue-158 110 9 : : PUNCT issue-158 110 10 bazylevych bazylevych NOUN issue-158 110 11 , , PUNCT issue-158 110 12 v. v. ADV issue-158 110 13 , , PUNCT issue-158 110 14 bazylevych bazylevych PROPN issue-158 110 15 , , PUNCT issue-158 110 16 k. k. PROPN issue-158 110 17 , , PUNCT issue-158 110 18 & & CCONJ issue-158 110 19 balastryk balastryk PROPN issue-158 110 20 , , PUNCT issue-158 110 21 l. l. PROPN issue-158 110 22 ( ( PUNCT issue-158 110 23 2007 2007 NUM issue-158 110 24 ) ) PUNCT issue-158 110 25 . . PUNCT issue-158 111 1 macroeconomics macroeconomic NOUN issue-158 111 2 – – PUNCT issue-158 111 3 kyiv kyiv ADJ issue-158 111 4 , , PUNCT issue-158 111 5 knowledge knowledge NOUN issue-158 111 6 , , PUNCT issue-158 111 7 703 703 NUM issue-158 111 8 p. p. NOUN issue-158 111 9 gnativ gnativ PROPN issue-158 111 10 , , PUNCT issue-158 111 11 a.a a.a PROPN issue-158 111 12 . . PROPN issue-158 111 13 ( ( PUNCT issue-158 111 14 2009 2009 NUM issue-158 111 15 ) ) PUNCT issue-158 111 16 . . PUNCT issue-158 112 1 inflation inflation NOUN issue-158 112 2 targeting target VERB issue-158 112 3 as as ADP issue-158 112 4 an an DET issue-158 112 5 optimal optimal ADJ issue-158 112 6 monetary monetary ADJ issue-158 112 7 policy policy NOUN issue-158 112 8 regime regime NOUN issue-158 112 9 in in ADP issue-158 112 10 ukraine ukraine NOUN issue-158 112 11 . . PUNCT issue-158 113 1 regional regional ADJ issue-158 113 2 economy economy NOUN issue-158 113 3 , , PUNCT issue-158 113 4 vol vol NOUN issue-158 113 5 . . PROPN issue-158 113 6 2 2 NUM issue-158 113 7 , , PUNCT issue-158 113 8 p. p. NOUN issue-158 113 9 119 119 NUM issue-158 113 10 - - SYM issue-158 113 11 125 125 NUM issue-158 113 12 . . PUNCT issue-158 114 1 gordienko gordienko PROPN issue-158 114 2 , , PUNCT issue-158 114 3 v.p v.p PROPN issue-158 114 4 . . PROPN issue-158 114 5 ( ( PUNCT issue-158 114 6 2012 2012 NUM issue-158 114 7 ) ) PUNCT issue-158 114 8 . . PUNCT issue-158 115 1 inflation inflation NOUN issue-158 115 2 targeting target VERB issue-158 115 3 as as ADP issue-158 115 4 an an DET issue-158 115 5 effective effective ADJ issue-158 115 6 method method NOUN issue-158 115 7 of of ADP issue-158 115 8 ensuring ensure VERB issue-158 115 9 price price NOUN issue-158 115 10 stabil stabil PROPN issue-158 115 11 - - PUNCT issue-158 115 12 ity ity PROPN issue-158 115 13 . . PUNCT issue-158 115 14 finance finance PROPN issue-158 115 15 and and CCONJ issue-158 115 16 credit credit NOUN issue-158 115 17 activities activity NOUN issue-158 115 18 : : PUNCT issue-158 115 19 the the DET issue-158 115 20 theory theory NOUN issue-158 115 21 and and CCONJ issue-158 115 22 practice practice NOUN issue-158 115 23 problems problem NOUN issue-158 115 24 , , PUNCT issue-158 115 25 vol vol NOUN issue-158 115 26 . . PROPN issue-158 115 27 1 1 NUM issue-158 115 28 , , PUNCT issue-158 115 29 issue issue NOUN issue-158 115 30 2 2 NUM issue-158 115 31 , , PUNCT issue-158 115 32 p. p. NOUN issue-158 115 33 15 15 NUM issue-158 115 34 - - SYM issue-158 115 35 21 21 NUM issue-158 115 36 . . PUNCT issue-158 116 1 gritsenko gritsenko PROPN issue-158 116 2 , , PUNCT issue-158 116 3 a.a a.a PROPN issue-158 116 4 . . PROPN issue-158 116 5 ( ( PUNCT issue-158 116 6 2008 2008 NUM issue-158 116 7 ) ) PUNCT issue-158 116 8 . . PUNCT issue-158 117 1 the the DET issue-158 117 2 institution institution NOUN issue-158 117 3 of of ADP issue-158 117 4 inflation inflation NOUN issue-158 117 5 targeting target VERB issue-158 117 6 : : PUNCT issue-158 117 7 international international ADJ issue-158 117 8 experience experience NOUN issue-158 117 9 and and CCONJ issue-158 117 10 prospects prospect NOUN issue-158 117 11 of of ADP issue-158 117 12 introduction introduction NOUN issue-158 117 13 in in ADP issue-158 117 14 ukraine ukraine NOUN issue-158 117 15 – – PUNCT issue-158 117 16 kyiv kyiv PROPN issue-158 117 17 , , PUNCT issue-158 117 18 institute institute NOUN issue-158 117 19 of of ADP issue-158 117 20 economics economic NOUN issue-158 117 21 and and CCONJ issue-158 117 22 forecasting forecasting NOUN issue-158 117 23 of of ADP issue-158 117 24 nas nas PROPN issue-158 117 25 of of ADP issue-158 117 26 ukraine ukraine NOUN issue-158 117 27 , , PUNCT issue-158 117 28 272 272 NUM issue-158 117 29 p. p. NOUN issue-158 117 30 koncewicz koncewicz PROPN issue-158 117 31 , , PUNCT issue-158 117 32 k.s k.s PROPN issue-158 117 33 . . PROPN issue-158 117 34 ( ( PUNCT issue-158 117 35 2012 2012 NUM issue-158 117 36 ) ) PUNCT issue-158 117 37 . . PUNCT issue-158 118 1 the the DET issue-158 118 2 analysis analysis NOUN issue-158 118 3 of of ADP issue-158 118 4 regimes regime NOUN issue-158 118 5 of of ADP issue-158 118 6 monetary monetary ADJ issue-158 118 7 policy policy NOUN issue-158 118 8 in in ADP issue-158 118 9 various various ADJ issue-158 118 10 countries country NOUN issue-158 118 11 of of ADP issue-158 118 12 the the DET issue-158 118 13 world world NOUN issue-158 118 14 . . PUNCT issue-158 119 1 krok krok PROPN issue-158 119 2 , , PUNCT issue-158 119 3 vol vol NOUN issue-158 119 4 . . PROPN issue-158 119 5 1 1 NUM issue-158 119 6 , , PUNCT issue-158 119 7 p. p. NOUN issue-158 119 8 214 214 NUM issue-158 119 9 - - SYM issue-158 119 10 216 216 NUM issue-158 119 11 . . PUNCT issue-158 120 1 kornev kornev PROPN issue-158 120 2 , , PUNCT issue-158 120 3 i.v i.v PROPN issue-158 120 4 . . PUNCT issue-158 120 5 ( ( PUNCT issue-158 120 6 2015 2015 NUM issue-158 120 7 ) ) PUNCT issue-158 120 8 . . PUNCT issue-158 121 1 the the DET issue-158 121 2 improving improving NOUN issue-158 121 3 of of ADP issue-158 121 4 the the DET issue-158 121 5 monetary monetary ADJ issue-158 121 6 policy policy NOUN issue-158 121 7 effectiveness effectiveness NOUN issue-158 121 8 and and CCONJ issue-158 121 9 instruments instrument NOUN issue-158 121 10 of of ADP issue-158 121 11 its its PRON issue-158 121 12 realization realization NOUN issue-158 121 13 in in ADP issue-158 121 14 ukraine ukraine NOUN issue-158 121 15 . . PUNCT issue-158 122 1 scientific scientific ADJ issue-158 122 2 notes note NOUN issue-158 122 3 of of ADP issue-158 122 4 national national PROPN issue-158 122 5 university university PROPN issue-158 122 6 " " PUNCT issue-158 122 7 ostrog ostrog VERB issue-158 122 8 academy academy NOUN issue-158 122 9 " " PUNCT issue-158 122 10 , , PUNCT issue-158 122 11 issue issue NOUN issue-158 122 12 28 28 NUM issue-158 122 13 , , PUNCT issue-158 122 14 p. p. NOUN issue-158 122 15 125 125 NUM issue-158 122 16 - - SYM issue-158 122 17 129 129 NUM issue-158 122 18 . . PUNCT issue-158 123 1 papaika papaika PROPN issue-158 123 2 , , PUNCT issue-158 123 3 a.a a.a PROPN issue-158 123 4 . . PROPN issue-158 123 5 ( ( PUNCT issue-158 123 6 2010 2010 NUM issue-158 123 7 ) ) PUNCT issue-158 123 8 . . PUNCT issue-158 124 1 world world NOUN issue-158 124 2 experience experience NOUN issue-158 124 3 of of ADP issue-158 124 4 anti anti ADJ issue-158 124 5 - - ADJ issue-158 124 6 inflationary inflationary ADJ issue-158 124 7 policy policy NOUN issue-158 124 8 of of ADP issue-158 124 9 the the DET issue-158 124 10 state state NOUN issue-158 124 11 : : PUNCT issue-158 124 12 recommendations recommendation NOUN issue-158 124 13 for for ADP issue-158 124 14 ukraine ukraine NOUN issue-158 124 15 . . PUNCT issue-158 125 1 economics economic NOUN issue-158 125 2 industry industry NOUN issue-158 125 3 , , PUNCT issue-158 125 4 vol vol NOUN issue-158 125 5 . . PROPN issue-158 125 6 2 2 NUM issue-158 125 7 , , PUNCT issue-158 125 8 p. p. NOUN issue-158 125 9 3 3 NUM issue-158 125 10 - - SYM issue-158 125 11 8 8 NUM issue-158 125 12 . . PUNCT issue-158 126 1 prushkovskaya prushkovskaya NOUN issue-158 126 2 , , PUNCT issue-158 126 3 e.v e.v PROPN issue-158 126 4 . . PUNCT issue-158 127 1 ( ( PUNCT issue-158 127 2 2010 2010 NUM issue-158 127 3 ) ) PUNCT issue-158 127 4 . . PUNCT issue-158 128 1 targeting target VERB issue-158 128 2 as as ADP issue-158 128 3 an an DET issue-158 128 4 aspect aspect NOUN issue-158 128 5 of of ADP issue-158 128 6 monetary monetary ADJ issue-158 128 7 policy policy NOUN issue-158 128 8 in in ADP issue-158 128 9 conditions condition NOUN issue-158 128 10 of of ADP issue-158 128 11 globalization globalization NOUN issue-158 128 12 . . PUNCT issue-158 129 1 economics economic NOUN issue-158 129 2 and and CCONJ issue-158 129 3 entrepreneurship entrepreneurship NOUN issue-158 129 4 , , PUNCT issue-158 129 5 vol vol NOUN issue-158 129 6 . . PROPN issue-158 129 7 3 3 NUM issue-158 129 8 , , PUNCT issue-158 129 9 p. p. NOUN issue-158 129 10 141 141 NUM issue-158 129 11 - - SYM issue-158 129 12 146 146 NUM issue-158 129 13 . . PUNCT issue-158 130 1 radionova radionova PROPN issue-158 130 2 , , PUNCT issue-158 130 3 i.f i.f PROPN issue-158 130 4 . . PUNCT issue-158 130 5 ( ( PUNCT issue-158 130 6 2009 2009 NUM issue-158 130 7 ) ) PUNCT issue-158 130 8 . . PUNCT issue-158 131 1 macroeconomics macroeconomic NOUN issue-158 131 2 – – PUNCT issue-158 131 3 2 2 NUM issue-158 131 4 – – PUNCT issue-158 131 5 kyiv kyiv ADJ issue-158 131 6 , , PUNCT issue-158 131 7 kneu kneu PROPN issue-158 131 8 , , PUNCT issue-158 131 9 423 423 NUM issue-158 131 10 p. p. NOUN issue-158 131 11 slipchenko slipchenko PROPN issue-158 131 12 , , PUNCT issue-158 131 13 t. t. NOUN issue-158 131 14 a. a. NOUN issue-158 131 15 ( ( PUNCT issue-158 131 16 2010 2010 NUM issue-158 131 17 ) ) PUNCT issue-158 131 18 . . PUNCT issue-158 132 1 theoretical theoretical ADJ issue-158 132 2 analysis analysis NOUN issue-158 132 3 of of ADP issue-158 132 4 monetary monetary ADJ issue-158 132 5 regimes regime NOUN issue-158 132 6 and and CCONJ issue-158 132 7 selection selection NOUN issue-158 132 8 criteria criterion NOUN issue-158 132 9 for for ADP issue-158 132 10 ukraine ukraine NOUN issue-158 132 11 . . PUNCT issue-158 133 1 scientific scientific ADJ issue-158 133 2 herald herald PROPN issue-158 133 3 of of ADP issue-158 133 4 nltu nltu PROPN issue-158 133 5 of of ADP issue-158 133 6 ukraine ukraine NOUN issue-158 133 7 , , PUNCT issue-158 133 8 vol vol NOUN issue-158 133 9 . . PROPN issue-158 133 10 20 20 NUM issue-158 133 11 , , PUNCT issue-158 133 12 p. p. NOUN issue-158 133 13 232 232 NUM issue-158 133 14 - - SYM issue-158 133 15 238 238 NUM issue-158 133 16 . . PUNCT issue-158 134 1 vishnevska vishnevska NOUN issue-158 134 2 , , PUNCT issue-158 134 3 v.s. v.s. X issue-158 134 4 ( ( PUNCT issue-158 134 5 2015 2015 NUM issue-158 134 6 ) ) PUNCT issue-158 134 7 . . PUNCT issue-158 135 1 economic economic ADJ issue-158 135 2 mechanism mechanism NOUN issue-158 135 3 of of ADP issue-158 135 4 inflation inflation NOUN issue-158 135 5 targeting target VERB issue-158 135 6 in in ADP issue-158 135 7 ukraine ukraine PROPN issue-158 135 8 – – PUNCT issue-158 135 9 lviv lviv PROPN issue-158 135 10 , , PUNCT issue-158 135 11 nul nul PROPN issue-158 135 12 , , PUNCT issue-158 135 13 22 22 NUM issue-158 135 14 p. p. NOUN issue-158 135 15 роман роман PROPN issue-158 135 16 калиновский калиновский PROPN issue-158 135 17 обоснование обоснование PROPN issue-158 135 18 целесообразности целесообразности PROPN issue-158 135 19 применения применения PROPN issue-158 135 20 режима режима NOUN issue-158 135 21 инфляционного инфляционного NOUN issue-158 135 22 таргетирования таргетирования NOUN issue-158 135 23 в в PROPN issue-158 135 24 украине украине PROPN issue-158 135 25 аннотация аннотация PROPN issue-158 135 26 . . PUNCT issue-158 136 1 целью целью PROPN issue-158 136 2 работы работы PROPN issue-158 136 3 является является PROPN issue-158 136 4 рассмотрение рассмотрение NOUN issue-158 136 5 базовых базовых VERB issue-158 136 6 вариантов вариантов NOUN issue-158 136 7 выбора выбора ADJ issue-158 136 8 монетарного монетарного PROPN issue-158 136 9 режима режима PROPN issue-158 136 10 денежно денежно PROPN issue-158 136 11 - - PUNCT issue-158 136 12 кредитной кредитной NOUN issue-158 136 13 политики политики NOUN issue-158 136 14 , , PUNCT issue-158 136 15 к к X issue-158 136 16 которым которым VERB issue-158 136 17 относятся относятся ADJ issue-158 136 18 режим режим ADJ issue-158 136 19 монетарного монетарного VERB issue-158 136 20 таргетирования таргетирования NOUN issue-158 136 21 , , PUNCT issue-158 136 22 режим режим ADJ issue-158 136 23 таргетирования таргетирования NOUN issue-158 136 24 обменного обменного NOUN issue-158 136 25 курса курса ADJ issue-158 136 26 , , PUNCT issue-158 136 27 режим режим NOUN issue-158 136 28 таргетирования таргетирования NOUN issue-158 136 29 инфляции инфляции VERB issue-158 136 30 , , PUNCT issue-158 136 31 а а PROPN issue-158 136 32 также также PROPN issue-158 136 33 стратегия стратегия VERB issue-158 136 34 без без DET issue-158 136 35 явного явного NOUN issue-158 136 36 номинального номинального NOUN issue-158 136 37 якоря якоря NOUN issue-158 136 38 . . PUNCT issue-158 137 1 исследуется исследуется ADP issue-158 137 2 их их PROPN issue-158 137 3 внедрения внедрения NOUN issue-158 137 4 различными различными ADJ issue-158 137 5 странами странами PROPN issue-158 137 6 мира мира PROPN issue-158 137 7 и и PROPN issue-158 137 8 вызванные вызванные PROPN issue-158 137 9 ими ими NOUN issue-158 137 10 последствия последствия PROPN issue-158 137 11 . . PUNCT issue-158 138 1 предметом предметом NOUN issue-158 138 2 исследования исследования NOUN issue-158 138 3 является является ADJ issue-158 138 4 рассмотрение рассмотрение NOUN issue-158 138 5 существующих существующих PROPN issue-158 138 6 монетарных монетарных PROPN issue-158 138 7 режимов режимов PROPN issue-158 138 8 и и PROPN issue-158 138 9 обоснование обоснование PROPN issue-158 138 10 выбора выбора PROPN issue-158 138 11 одного одного NOUN issue-158 138 12 из из PROPN issue-158 138 13 них них PROPN issue-158 138 14 для для PROPN issue-158 138 15 обеспечения обеспечения PROPN issue-158 138 16 устойчивого устойчивого VERB issue-158 138 17 развития развития NOUN issue-158 138 18 экономики экономики NOUN issue-158 138 19 украины украины NOUN issue-158 138 20 . . PUNCT issue-158 139 1 в в PROPN issue-158 139 2     SPACE issue-158 139 3 данном данном PROPN issue-158 139 4 исследовании исследовании PROPN issue-158 139 5 рассматриваются рассматриваются NOUN issue-158 139 6 , , PUNCT issue-158 139 7 помимо помимо ADJ issue-158 139 8 прочего прочего NOUN issue-158 139 9 , , PUNCT issue-158 139 10 такие такие PROPN issue-158 139 11 нерешенные нерешенные PROPN issue-158 139 12 части части PROPN issue-158 139 13 общей общей PROPN issue-158 139 14 проблемы проблемы PROPN issue-158 139 15 , , PUNCT issue-158 139 16 как как VERB issue-158 139 17 поиск поиск ADJ issue-158 139 18 путей путей NOUN issue-158 139 19 повышения повышения ADJ issue-158 139 20 степени степени NOUN issue-158 139 21 влияния влияния VERB issue-158 139 22 центрального центрального ADJ issue-158 139 23 банка банка PROPN issue-158 139 24 на на PROPN issue-158 139 25 экономику экономику PROPN issue-158 139 26 посредством посредством NOUN issue-158 139 27 изменения изменения PROPN issue-158 139 28 существующего существующего PROPN issue-158 139 29 монетарного монетарного PROPN issue-158 139 30 режима режима PROPN issue-158 139 31 на на PROPN issue-158 139 32 более более PROPN issue-158 139 33 оптимальный оптимальный NOUN issue-158 139 34 . . PUNCT issue-158 140 1 методика методика NOUN issue-158 140 2 . . PUNCT issue-158 141 1 исследование исследование PROPN issue-158 141 2 основано основано PROPN issue-158 141 3 на на PROPN issue-158 141 4 сравнении сравнении PROPN issue-158 141 5 данных данных PROPN issue-158 141 6 о о PROPN issue-158 141 7 степени степени NOUN issue-158 141 8 эффективности эффективности PROPN issue-158 141 9 проведения проведения NOUN issue-158 141 10 денежно денежно PROPN issue-158 141 11 - - PUNCT issue-158 141 12 кредитной кредитной PROPN issue-158 141 13 политики политики NOUN issue-158 141 14 разными разными PROPN issue-158 141 15 странами странами PROPN issue-158 141 16 мира мира PROPN issue-158 141 17 в в PROPN issue-158 141 18 определённые определённые PROPN issue-158 141 19 периоды периоды PROPN issue-158 141 20 времени времени PROPN issue-158 141 21 . . PUNCT issue-158 142 1 рассматривая рассматривая PROPN issue-158 142 2 последствия последствия PROPN issue-158 142 3 внедрения внедрения PROPN issue-158 142 4 тех тех PROPN issue-158 142 5 или или VERB issue-158 142 6 иных иных PROPN issue-158 142 7 монетарных монетарных PROPN issue-158 142 8 режимов режимов PROPN issue-158 143 1 в в PROPN issue-158 143 2 разных разных PROPN issue-158 143 3 мировых мировых PROPN issue-158 143 4 экономиках экономиках PROPN issue-158 143 5 , , PUNCT issue-158 143 6 делаются делаются NOUN issue-158 143 7 выводы выводы NOUN issue-158 143 8 о о PROPN issue-158 143 9 целесообразности целесообразности PROPN issue-158 143 10 выбора выбора ADJ issue-158 143 11 определённого определённого NOUN issue-158 143 12 режима режима PROPN issue-158 143 13 для для PROPN issue-158 143 14 экономики экономики NOUN issue-158 143 15 украины украины NOUN issue-158 143 16 . . PUNCT issue-158 144 1 результаты результаты PROPN issue-158 144 2 сравнения сравнения PROPN issue-158 144 3 показали показали PROPN issue-158 144 4 , , PUNCT issue-158 144 5 что что PROPN issue-158 144 6 наиболее наиболее PROPN issue-158 144 7 целесообразным целесообразным PROPN issue-158 145 1 для для PROPN issue-158 145 2 экономики экономики VERB issue-158 145 3 украины украины PROPN issue-158 145 4 является является NOUN issue-158 145 5 выбор выбор NOUN issue-158 145 6 режима режима NOUN issue-158 145 7 инфляционного инфляционного NOUN issue-158 145 8 таргетирования таргетирования NOUN issue-158 145 9 , , PUNCT issue-158 145 10 поскольку поскольку ADJ issue-158 145 11 последний последний PROPN issue-158 145 12 формирует формирует PROPN issue-158 145 13 инфляционные инфляционные NOUN issue-158 145 14 ожидания ожидания PROPN issue-158 145 15 населения населения PROPN issue-158 145 16 на на PROPN issue-158 145 17 низком низком PROPN issue-158 145 18 уровне уровне PROPN issue-158 145 19 , , PUNCT issue-158 145 20 в в PROPN issue-158 145 21 большинстве большинстве X issue-158 145 22 случаев случаев NOUN issue-158 145 23 позволяет позволяет ADV issue-158 145 24 снизить снизить VERB issue-158 145 25 уровень уровень PROPN issue-158 145 26 инфляции инфляции VERB issue-158 145 27 в в PROPN issue-158 145 28 короткий короткий PROPN issue-158 145 29 срок срок PROPN issue-158 145 30 , , PUNCT issue-158 145 31 способствует способствует ADJ issue-158 145 32 укреплению укреплению NOUN issue-158 145 33 фактической фактической PROPN issue-158 145 34 независимости независимости PROPN issue-158 145 35 центрального центрального PROPN issue-158 145 36 банка банка PROPN issue-158 145 37 и и PROPN issue-158 145 38 доверия доверия NOUN issue-158 145 39 к к X issue-158 145 40 нему нему ADJ issue-158 145 41 , , PUNCT issue-158 145 42 позволяет позволяет ADJ issue-158 145 43 преодолеть преодолеть VERB issue-158 145 44 внешние внешние PROPN issue-158 145 45 и и PROPN issue-158 145 46 внутренние внутренние PROPN issue-158 145 47 шоки шоки NOUN issue-158 145 48 , , PUNCT issue-158 145 49 устраняет устраняет ADJ issue-158 145 50 противоречия противоречия NOUN issue-158 145 51 , , PUNCT issue-158 145 52 связанные связанные PROPN issue-158 145 53 с с PROPN issue-158 145 54 целями целями PROPN issue-158 145 55 монетарной монетарной PROPN issue-158 145 56 политики политики PROPN issue-158 145 57 , , PUNCT issue-158 145 58 снижает снижает PROPN issue-158 145 59 вероятность вероятность NOUN issue-158 145 60 возникновения возникновения PROPN issue-158 145 61 кризисов кризисов NOUN issue-158 145 62 , , PUNCT issue-158 145 63 а а PROPN issue-158 145 64 также также NOUN issue-158 145 65 создает создает VERB issue-158 145 66 положительные положительные NOUN issue-158 145 67 условия условия PROPN issue-158 145 68 для для PROPN issue-158 145 69 развития развития NOUN issue-158 145 70 экономики экономики VERB issue-158 145 71 страны страны PROPN issue-158 145 72 в в PROPN issue-158 145 73 целом целом PROPN issue-158 145 74 . . PUNCT issue-158 146 1 практическое практическое PROPN issue-158 146 2 значение значение PROPN issue-158 146 3 . . PUNCT issue-158 147 1 всесторонне всесторонне NOUN issue-158 147 2 исследовав исследовав PROPN issue-158 147 3 преимущества преимущества PROPN issue-158 147 4 и и PROPN issue-158 147 5 недостатки недостатки ADJ issue-158 147 6 базовых базовых PROPN issue-158 147 7 монетарных монетарных PROPN issue-158 147 8 режимов режимов PROPN issue-158 147 9 , , PUNCT issue-158 147 10 были были NOUN issue-158 147 11 сделаны сделаны NOUN issue-158 147 12 выводы выводы PROPN issue-158 147 13 относительно относительно PROPN issue-158 147 14 перспективных перспективных PROPN issue-158 147 15 направлений направлений PROPN issue-158 147 16 развития развития PROPN issue-158 147 17 монетарной монетарной PROPN issue-158 147 18 политики политики VERB issue-158 147 19 в в PROPN issue-158 147 20 украине украине PROPN issue-158 147 21 , , PUNCT issue-158 147 22 а а PROPN issue-158 147 23 также также NOUN issue-158 147 24 даны даны VERB issue-158 147 25 рекомендации рекомендации NOUN issue-158 147 26 относительно относительно ADJ issue-158 147 27 последующих последующих NOUN issue-158 147 28 действий действий PROPN issue-158 147 29 государственных государственных PROPN issue-158 147 30 органов органов ADJ issue-158 147 31 украины украины NOUN issue-158 147 32 . . PUNCT issue-158 148 1 наиболее наиболее PROPN issue-158 148 2 значимыми значимыми PROPN issue-158 148 3 являются являются ADJ issue-158 148 4 такие такие PROPN issue-158 148 5 рекомендации рекомендации NOUN issue-158 148 6 , , PUNCT issue-158 148 7 как как VERB issue-158 148 8 снижение снижение PROPN issue-158 148 9 степени степени NOUN issue-158 148 10 использования использования NOUN issue-158 148 11 валютных валютных PROPN issue-158 148 12 интервенций интервенций PROPN issue-158 148 13 , , PUNCT issue-158 148 14 что что PROPN issue-158 148 15 сделает сделает PROPN issue-158 148 16 обменный обменный NOUN issue-158 148 17 курс курс NOUN issue-158 148 18 более более NOUN issue-158 148 19 гибким гибким NOUN issue-158 148 20 , , PUNCT issue-158 148 21 и и PROPN issue-158 148 22 усиления усиления ADJ issue-158 148 23 влияния влияния VERB issue-158 148 24 процентной процентной ADJ issue-158 148 25 политики политики NOUN issue-158 148 26 , , PUNCT issue-158 148 27 которая которая ADJ issue-158 148 28 должна должна NOUN issue-158 148 29 стать стать NOUN issue-158 148 30 основным основным PROPN issue-158 148 31 инструментом инструментом PROPN issue-158 148 32 нбу нбу PROPN issue-158 148 33 . . PUNCT issue-158 149 1 также также PROPN issue-158 149 2 важно важно PROPN issue-158 149 3 осуществить осуществить PROPN issue-158 149 4 ряд ряд NOUN issue-158 149 5 мероприятий мероприятий PROPN issue-158 149 6 , , PUNCT issue-158 149 7 направленных направленных NOUN issue-158 149 8 на на PROPN issue-158 149 9 развитие развитие ADJ issue-158 149 10 фондового фондового NOUN issue-158 149 11 рынка рынка NOUN issue-158 149 12 украины украины NOUN issue-158 149 13 . . PUNCT issue-158 150 1 для для PROPN issue-158 150 2 перехода перехода PROPN issue-158 150 3 к к AUX issue-158 150 4 режиму режиму NOUN issue-158 150 5 полного полного NOUN issue-158 150 6 таргетирования таргетирования NOUN issue-158 150 7 инфляции инфляции VERB issue-158 150 8 необходима необходима PROPN issue-158 150 9 дальнейшая дальнейшая PROPN issue-158 150 10 либерализация либерализация PROPN issue-158 150 11 операций операций PROPN issue-158 150 12 , , PUNCT issue-158 150 13 связанных связанных PROPN issue-158 150 14 с с PROPN issue-158 150 15 движением движением PROPN issue-158 150 16 капитала капитала PROPN issue-158 150 17 . . PUNCT issue-158 151 1 основными основными ADJ issue-158 151 2 результатами результатами PROPN issue-158 151 3 этих этих PROPN issue-158 151 4 действий действий PROPN issue-158 151 5 должны должны PROPN issue-158 151 6 стать стать NOUN issue-158 151 7 прозрачность прозрачность NOUN issue-158 151 8 и и PROPN issue-158 151 9 эффективность эффективность VERB issue-158 151 10 влияния влияния NOUN issue-158 151 11 процентной процентной PROPN issue-158 151 12 политики политики VERB issue-158 151 13 и и PROPN issue-158 151 14 гибкий гибкий NOUN issue-158 151 15 валютный валютный NOUN issue-158 151 16 курс курс NOUN issue-158 151 17 . . PUNCT issue-158 152 1 значение значение PROPN issue-158 152 2 / / SYM issue-158 152 3 оригинальность оригинальность PROPN issue-158 152 4 . . PUNCT issue-158 153 1 полученные полученные PROPN issue-158 153 2 выводы выводы PROPN issue-158 153 3 обосновывают обосновывают PROPN issue-158 153 4 преимущества преимущества PROPN issue-158 153 5 применения применения PROPN issue-158 153 6 режима режима PROPN issue-158 153 7 baltic baltic PROPN issue-158 153 8 journal journal PROPN issue-158 153 9 of of ADP issue-158 153 10 economic economic ADJ issue-158 153 11 studies study NOUN issue-158 153 12 57 57 NUM issue-158 153 13 vol vol NOUN issue-158 153 14 . . PUNCT issue-158 154 1 3 3 NUM issue-158 154 2 , , PUNCT issue-158 154 3 no no INTJ issue-158 154 4 . . NOUN issue-158 154 5 1 1 NUM issue-158 154 6 , , PUNCT issue-158 154 7 2017 2017 NUM issue-158 154 8 инфляционного инфляционного NOUN issue-158 154 9 таргетирования таргетирования NOUN issue-158 154 10 для для PROPN issue-158 154 11 повышения повышения NOUN issue-158 154 12 эффективности эффективности PROPN issue-158 154 13 монетарной монетарной PROPN issue-158 154 14 политики политики PROPN issue-158 154 15 государства государства PROPN issue-158 154 16 , , PUNCT issue-158 154 17 а а PROPN issue-158 154 18 также также PROPN issue-158 154 19 предоставляют предоставляют VERB issue-158 154 20 рекомендации рекомендации PROPN issue-158 154 21 относительно относительно PROPN issue-158 154 22 дальнейшего дальнейшего NOUN issue-158 154 23 внедрения внедрения NOUN issue-158 154 24 режима режима PROPN issue-158 154 25 таргетирования таргетирования NOUN issue-158 154 26 инфляции инфляции VERB issue-158 154 27 в в PROPN issue-158 154 28 украине украине PROPN issue-158 154 29 . . PROPN issue-158 155 1 перспективным перспективным VERB issue-158 155 2 направлением направлением PROPN issue-158 155 3 дальнейших дальнейших PROPN issue-158 155 4 исследований исследований PROPN issue-158 155 5 является является PROPN issue-158 155 6 углубленный углубленный PROPN issue-158 155 7 анализ анализ PROPN issue-158 155 8 трансмиссионного трансмиссионного VERB issue-158 155 9 механизма механизма NOUN issue-158 155 10 денежно денежно ADJ issue-158 155 11 - - PUNCT issue-158 155 12 кредитной кредитной NOUN issue-158 155 13 политики политики NOUN issue-158 155 14 , , PUNCT issue-158 155 15 который который ADJ issue-158 155 16 непосредственно непосредственно PROPN issue-158 155 17 связанный связанный PROPN issue-158 155 18 с с PROPN issue-158 155 19 режимом режимом PROPN issue-158 155 20 инфляционного инфляционного NOUN issue-158 155 21 таргетирования таргетирования NOUN issue-158 155 22 и и PROPN issue-158 155 23 может может NOUN issue-158 155 24 привести привести PROPN issue-158 155 25 к к PROPN issue-158 155 26 более более NOUN issue-158 155 27 эффективному эффективному NOUN issue-158 155 28 воздействию воздействию PROPN issue-158 155 29 центрального центрального PROPN issue-158 155 30 банка банка PROPN issue-158 155 31 на на PROPN issue-158 155 32 экономику экономику VERB issue-158 155 33 украины украины NOUN issue-158 155 34 . . PUNCT