Based on theoretical concepts that are the basis for conducting monetary policy, the main object of the monetary aggregate is the money supply, the size of which depends on the dynamics of basic indicators economic development. In this regard, depending on the economic situation the central bank can implement the two basic types of monetary policy, which charge a mutually opposite effect on the dynamics of money supply. Restriction monetary policy ("dear money") – aimed at limiting the volume of credit transactions, raising interest rates and the inhibition of growth of money mass in the back. This policy applies both to smooth the sharp fluctuations in the phase of economic cycle and to control inflation and stabilize the monetary system. Expansionist monetary policy (Policy of "cheap money") – is accompanied by expansion of the volume of credit operations, lower interest rates and overall growth of money supply. The policy of monetary expansion is used to overcome recession production and business recovery stimulation of investment processes and increasing effective demand for goods and services. The subject of monetary policy is the state, which regulate this sector through their representative bodies – the central bank and the relevant government agencies – the Ministry of Finance or the Treasury, the supervisor of banks and control of money treatment, the establishment of deposit insurance and other institutions. The decisive role in implementing monetary owned central bank. Objects that is most often directed regulatory activities, there are variables of the money market: supply (ground) money, the interest rate, exchange rate, the velocity of money, etc.

Improve Tax Administration

The Supreme Court of the Russian Federation has initiated changes to the Tax Code of the Russian Federation (hereinafter – the Tax Code) and the Civil Procedure Code regarding collection of taxes from the population out of court. As resulted from the amendments received by the State Duma, asked to amend Article 48 of the Tax Code and add the provision that in case of nonpayment or incomplete payment of tax by the due date, this responsibility is executed in a forced order "by the foreclosure of the funds in the accounts of the taxpayer – an individual" without a court order. The same procedure is proposed to extend and to pay fees and fines: is not paid on time payments to tax authorities could, in the case of a law debit directly from your bank account, as is done in relation to legal persons and individual entrepreneurs. Suggested by the Supreme Court's changing legislation was aimed primarily at the unloading of judges to hear cases on recovery of debts not exceeding often the legal costs. It should be noted that a number of Duma deputies did not support this Bill (B. Resnick, P.

Krasheninnikov). And after the negative feedback on the bill of the Government of the Russian Federation, the Plenary Session of the Supreme Court, without waiting for its rejection, decided to withdraw from State Duma. However, after that, this initiative has already addressed the Supreme Arbitration Court Chairman Anton Ivanov, who offered not only to create the tax courts, which, in our view, should be welcomed, appears as a unified judicial practice on disputes arising from tax relations.