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Снижение инфляции не должно быть главной целью экономической политики правительства России

Polterovich, Victor (2006): Снижение инфляции не должно быть главной целью экономической политики правительства России. Published in: Economics of Contemporary Russia No. 2 (2006): pp. 40-49.

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Abstract

If imperfect market institutions prevail in a country and inflation amounts to about 10% then efforts directed to further inflation decrease would probably hamper economic growth. To substantiate this thesis, I make references on opinions of well-known economists, discuss results of recent empirical research, and analyze peculiarities of modern economic situation in Russia. Arguments in favor of active policy to stimulate economic development are adduced.

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