Money mechanisms and the shifting mode of reproduction model

V. Mayevsky (), S. Andryushin (), S. Malkov () and A. Rubinstein ()

Voprosy Ekonomiki, 2016, issue 9

Abstract: On the basis of the shifting mode of reproduction model it is shown that the transition of the Russian economic system to the growth stage is connected with its increasing monetization. Under the current monetary policy additional growth of money in the economy is possible through more active implementation of the new monetary mechanism, based on the reserve money of the central bank, issued for implementation of investment projects. Such a mechanism in conditions of a certain relationship among interest rates, rate of return, and the proportion between fiscal and credit emission for investment purposes calculated according to the model will create the necessary prerequisites for the transition of the Russian economy to the stage of growth.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2016:id:233

DOI: 10.32609/0042-8736-2016-9-129-149

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