Regulation of Economy through Monetary Policy: Empirical Analysis of Impact Channels in Case of Uzbekistan

Abstract

Ensuring economic stability through monetary policy is a hard-to-accomplish but commonly accepted way of regulating the economy in times of economic recovery or transition reforms. New landscape of global economic environment clearly demonstrated that new age of monetary policy come with new ties of monetary policy and economy. Turning the development target from fiscal to monetary policy required further research and policymaking for economy-monetary policy linkages. This article studies the role of monetary policy in regulating the economy in Uzbekistan in a rapid economic development phase.

Keywords: monetary policy, economic regulation, Uzbekistan.