О некоторых успехах ЦБ России в 2015 году

BLINOV, Sergey (2016): О некоторых успехах ЦБ России в 2015 году.

Abstract

Money supply statistics based on the Year 2015 results show that «money starvation» is coming to an end in Russia. That has always been truly indicative of exit from the crisis. The depth of money supply decline in 2015 (it declined by 11%) proved to have been the smallest one in the whole history of post-Soviet Russia. This constitutes a relative success of the policy conducted by the Central Bank of Russia. The reason for this success is that it has been keeping positive growth rates of the nominal money supply and keeping inflation under control. Continuation of such policy would mean independence of economic growth in Russia of oil prices.

• Item Type: MPRA Paper
• English Title: On Some Successes Scored by the Russian Central Bank in 2015
• Language: Russian
• Keywords: Monetary Policy, Central Banking, Interest Rates, Economic Growth, Money Supply
• Subjects: E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level ; Inflation ; Deflation; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations ; Cycles; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E40 - General; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E51 - Money Supply ; Credit ; Money Multipliers; 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; G - Financial Economics > G0 - General > G01 - Financial Crises; N - Economic History > N1 - Macroeconomics and Monetary Economics ; Industrial Structure ; Growth ; Fluctuations > N10 - General, International, or Comparative; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development

References

Блинов, Сергей (2013) «Влияние Центрального Банка за замедление экономики России». Препринт MPRA №52471 http://mpra.ub.uni-muenchen.de/52471/

Блинов, Сергей (2014) «ЦБ – главный нефтяник страны», журнал «Эксперт» №12 от 17.03.2014. http://expert.ru/expert/2014/12/tsb--glavnyij-neftyanik-stranyi/

Блинов, Сергей (2015a) «Как удвоить ВВП России». Препринт MPRA №66583 https://mpra.ub.uni-muenchen.de/66583/

Блинов, Сергей (2015b) «Реальные деньги и экономический рост». MPRA Paper No. 67256, https://mpra.ub.uni-muenchen.de/67256/