Macroeconomic Preconditions of Realizationof a New Growth Model-Reference-Cited by-同舟云学术

Macroeconomic Preconditions of Realizationof a New Growth Model

Published:2012-09-20 Issue:9 Volume: Page:4-24
ISSN:0042-8736
Container-title:Voprosy Ekonomiki
language:
Short-container-title:Vopr. èkon.

Author:

Drobyshevsky S.¹,Sinelnikov-Murylev S.²

Affiliation:

1. Gaidar Institute for Economic Policy (Moscow, Russia)

2. Russian Foreign Trade Academy under the RF Ministry of Economic Development (Moscow, Russia)

Abstract

The model of the Russian economy that was formed in 2000s does not match a new stable growth path, though it helped to calmly overcome the crisis of 2008 and 2009. The state needs to provide stability in the fields being under its direct control: in the budget and monetary policy. In the budget policy we consider advantages and drawbacks of a New Budget Rule, which is based on long-term average price of oil. In the monetary sphere we vote for the policy of transition to inflation targeting and priority of low inflation against other goals of monetary authorities.

Publisher

NP Voprosy Ekonomiki

Subject

Economics and Econometrics,Finance

Reference5 articles.

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5. Nelson Ch., Plosser Ch. (1982). Trends and Random Walks in Macroeconomic Time Series: Some Evidence and Implications // Journal of Monetary Economics. Vol. 10, No 2. P. 139-162.

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