Countercyclical regulation of  Russian economy: content, instruments, issues and potential resolutions

Occupation: Head of the Department of Economics of Ulyanovsk State University
Affiliation: Ulyanovsk State University
Address: Russian Federation, Ulyanovsk

Journal name

Obshchestvo i ekonomika

Edition

Issue 9

Pages

5-28

Abstract

The article discusses the content, goals and instruments of the state countercyclical policy, the pros and cons of fiscal and monetary expansion (restriction), the author presents a comparative analysis of the effectiveness of stabilization measures of the government and the central bank during various phases of the business cycle. Con-sidering errors of forecasting, time lags and opportunistic behavior of political leaders as the main problems hindering the achievement of the goals of discretion-ary economic policy, the author identifies alternative approaches to solving these problems by leading scientific schools.

Keywords

stabilizing fiscal and monetary policy; expansion, restriction; forecast-ing errors; time lags; opportunism; discretionary and automated policy

Received

28.09.2020

Publication date

29.09.2020

Number of characters

62735

Cite

GOST	Kapkanshchikov S. Countercyclical regulation of Russian economy: content, instruments, issues and potential resolutions // Obshchestvo i ekonomika – 2020. – Issue 9 C. 5-28 [Electronic resource]. URL: https://oie.jes.su/S020736760011344-7-1 (circulation date: 25.04.2024). DOI: 10.31857/S020736760011344-7
MLA	Kapkanshchikov, S. "Countercyclical regulation of Russian economy: content, instruments, issues and potential resolutions." Obshchestvo i ekonomika 9 (2020):5-28. DOI: 10.31857/S020736760011344-7
APA	Kapkanshchikov S. (2020). Countercyclical regulation of Russian economy: content, instruments, issues and potential resolutions. Obshchestvo i ekonomika (9), pp.5-28 DOI: 10.31857/S020736760011344-7

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