How to Double Russia’s GDP

BLINOV, Sergey (2015): How to Double Russia’s GDP.

Abstract

In 2003, President of Russia Vladimir Putin set the task of doubling the GDP. However, this task is yet to be accomplished. Why has not this goal been achieved yet? What needs to be done to double Russia’s GDP? To answer these questions is exactly what this paper sets out to do. We can see that it is quite possible to double the GDP, but to do that, it takes an absolutely different perspective of the monetary policy of the Central Bank of Russia.

• Item Type: MPRA Paper
• Language: English
• Keywords: GDP, economic growth, money supply, monetary policy
• Subjects: E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E37 - Forecasting and Simulation: Models and Applications; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E41 - Demand for Money; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E65 - Studies of Particular Policy Episodes; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O17 - Formal and Informal Sectors ; Shadow Economy ; Institutional Arrangements; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O42 - Monetary Growth Models

References

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Blinov, S., 2014. «The Magic Property of the Stabilization Fund», «Expert Online», 22.09.2014, http://expert.ru/2014/09/22/volshebnoe-svojstvo-stabfonda/ (in Russian)

Blinov, S., 2014 b. «Monetary Policy of Quantitative Easing at the Central Bank’s High Interest Rates», working paper MPRA, published on 19.12.2014, https://mpra.ub.uni-muenchen.de/60765/

Blinov, S., 2015. «Savings and Inflation Using the Example of the 1992 Russia», working paper MPRA, published on 07.09.2015, https://mpra.ub.uni-muenchen.de/66487/ (in Russian)

Blinov, S., 2015 b. «Current Crisis, Its Causes and Necessary Measures», «Expert Online», 06.02.2015, http://expert.ru/2015/02/6/tekuschij-krizis-ego-prichinyi-i-neobhodimyie-meryi/ (in Russian)

Blinov, S., 2015 c. «Economic Barometer for President», «Expert Online», 03.01.2015, http://expert.ru/2015/01/3/ekonomicheskij-barometr-dlya-prezidenta/ (in Russian)

RBC, 2015. «Medvedev Told the Story of Transaero’s Miscalculations, http://www.rbc.ru/rbcfreenews/55e986bd9a7947769bfa61dc (in Russian)

ТАSS, 2015. «Peskov’s: The Task of Doubling the GDP Has Been Practically Accomplished», 31.03.2015. http://tass.ru/ekonomika/1868311 (in Russian)