On the Need to Achieve a Compromise between Economic Policy Goals in the Light of Overcoming Stagnation in Russia

A. O. Baranov ()
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A. O. Baranov: Institute of Economics and Industrial Engineering, Siberian Branch, Russian Academy of Sciences

Studies on Russian Economic Development, 2020, vol. 31, issue 5, 475-484

Abstract: Abstract We discuss the problem of coordinating the various goals of economic policy and achieving a compromise between them in two aspects. The first one is the coordination of the various goals of economic policy in the short term. The second aspect is the achievement of a compromise between the short-term and long-term goals of socioeconomic development. The problem of finding a compromise is examined in the context of discussing the goals and results of economic policy in Russia in the period after 2010 and with the view of adjusting the economic policy in the future.

Keywords: economic policy goals and instruments; social loss function; inflation targeting; stagnation in the Russian economy (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1134/S1075700720050032

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