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Russian Economy in the Context of World Trends
https://doi.org/10.32609/0042-8736-2015-2-32-48
Abstract
Analyzing the changes of key macroeconomic indicators in the context of global trends, the authors conclude that the prolonged stagnation of the Russian economy, deeply integrated into global economic processes, is a natural consequence of weakening its competitiveness and reducing investment attractiveness. “Moderately tight” monetary policy conducted against the background of large-scale monetary expansion in developed countries has made its contribution.
Keywords
world economy,
economic growth,
investment,
monetary policy,
international capital flows,
financial markets
JEL: F4, E20, E22, E5, G15
About the Authors
B. Zamaraev
Institute of Macroeconomics Research (Moscow, Russia)
Russian Federation
Russian Federation
A. Kiyutsevskaya
Russian Presidential Academy of National Economy and Public Administration, Gaidar Institute for Economic Policy (Moscow, Russia)
Russian Federation
Russian Federation
References
1. Bank of Russia (2014). Guidelines for the Single State Monetary Policy for 2015 and the Period of 2016 and 2017. Moscow. (In Russian).
2. Bernanke B. S., Gertler M. (1995). Inside the Black Box: The Credit Channel of Monetary Policy Transmission. Journal of Economic Perspectives, Vol. 9, No. 4, pp. 27—48.
3. Gertler M., Karadi P. (2013). QE1 vs. 2 vs. 3. A Framework for Analyzing Large Scale Asset Purchases as a Monetary Policy Tool. International Journal of Central Banking, Vol. 9, No. S1, pp. 5—53.
Review
For citations:
Zamaraev B., Kiyutsevskaya A. Russian Economy in the Context of World Trends. Voprosy Ekonomiki. 2015;(2):32-48. (In Russ.) https://doi.org/10.32609/0042-8736-2015-2-32-48
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