Три варианта экономической политики для России

Three Options of Economic Policy for Russia

Sergey Blinov

MPRA Paper from University Library of Munich, Germany

Abstract: Key discussions regarding Russia's economic policy are now taking place between the two camps of economists. The foremost proponent of the ideas in the first camp is Alexey Kudrin, former Vice-Prime Minister, PhD in Economics. The second camp has crystalized itself around Sergey Glaziev, Advisor to the President of Russia, Doctor of Economics, Academician. Both options of economic policy which are proposed by these two schools of thought mean a lot of pain to produce any gain. The first part of this article analyzes the weaknesses of these two options. The second part of the article offers an alternative analysis of the causes responsible for the ups and downs of the Russian economy. An action plan is put forward which, within a few months, would allow the Ruble exchange rate to be stabilized and would ensure that the Russian economy grows regardless of the world market prices for major goods of the Russian primary materials exports.

Keywords: Monetary Policy; Central Banking; Interest Rates; Quantitative Easing (QE); Economic Growth; Money Supply (search for similar items in EconPapers)
JEL-codes: E31 E32 E40 E43 E50 E51 E52 E58 E65 G01 N10 O11 (search for similar items in EconPapers)
Date: 2016-01-15
New Economics Papers: this item is included in nep-cis, nep-hpe, nep-mac and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:68836

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