Abstract
State monetary policy is essential for creating necessary conditions for sustainable development of national economy. Thus analysis of evolution of policy tools contributes a lot to the economics and allows to anticipate future macroeconomic fundamentals on different forecast horizons. The author underlines importance of monetary policies’ operational target selection in the short run and in the long run. The article also covers the issue of alternative approaches to the development of the tools of the state monetary policy proposed, namely: • role in development; • creation of new and diversification of existing financial institutions; • an efficient central bank; • monetization of the economy; • integrated structure of interest rates; • debt management; • maintaining balance of payments balance; • control of inflationary pressure.
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