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The role of the Central Bank in the Economic Slow-down in Russia.

BLINOV, Sergey (2014): The role of the Central Bank in the Economic Slow-down in Russia.

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Abstract

This paper is looking into the causes of the GDP decline in Russia during 2008-2009 and the slow-down of the GDP growth during 2012-2013. The impact of the money supply on the GDP is discussed. Analogies are drawn with the crises in the USA: the Great Depression during 1929-1933 and the 2008-2009 crisis. Possible measures necessary for growth in Russia are investigated.

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