Monetary policy parameters impact modeling on the regional economy

The use of monetary policy tools aimed at regulating the parameters of regional development is becoming especially relevant in connection with the transfer to the meso level of solving many problems of economic development in our country. The experience of economic reforms showed a clear trend towards decentralization of management. However, the current model of monetary regulation of the domestic economy is based on the mechanism of management and control over the aggregate money supply and methods that ensure the equilibrium state of the money market on a nationwide scale. Within the framework of the paper, the results of the simulated influence of the parameters of the monetary policy of the Russian Federation on the economy of industrial production in a particular region are considered. The insufficient development of problems related to the need to determine the priorities of the modern monetary policy in the country and study the reaction of the regional economy to its implementation determined the choice of the topic, goals and objectives of this study. The aim of the work was to study the influence of monetary policy parameters on the economy of the region. The Krasnoyarsk Region was chosen as the study region in the period from 2015 to 2020. The purpose of the study necessitated the formulation and solution of a number of tasks, among which the following were identified: to consider and analyze the state and dynamics of industrial production in the Krasnoyarsk Region; explore the essence and role of monetary policy; identify problems in the application of monetary policy instruments at the regional level; to carry out the equivalence of monetary policy instruments in relation to the purpose of the study; build a model and evaluate the impact of the selected monetary policy parameters on the level of industrial production in the Krasnoyarsk Region. The theoretical and practical significance of the work lies in the possibility of using the findings and models as a practical basis for further development of the problems of interaction between monetary policy and the regional economy.