Nonconventional Economic Policy as Theoretical Basis of Transformation of Public Administration of Economy

Aleksandr Nickolaevich Petrov (), Nikolay Nikolaevich Smirnov () and Lyudmila Afanasievna Trofimova ()

Administrative Consulting, issue 12

Abstract: In the article, conceptual bases and a configuration of modern economic policy are characterized. At the same time, the prevailing (normal) conditions and a case of depressive economy are divided. To the first, there correspond the defining role of the monetary policy that is conducted in a format of flexible targeting of inflation and asupporting role of the state budget subordinated to achievement of fiscal stability. A recurrence of depressive economy is followed by return of traditional Keynesianism and non-standard in comparison with the prevailing approaches of policy. The conclusion about essential dependence of processes of public administration on a condition of national economy is drawn.

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