Influence of Monetary Policy on Technological Development of the Economy in a Long-Term Aspect

DOI: 10.33917/es-5.171.2020.136-143

Monetary policy currently pursued by the Central Bank of the Russian Federation is a reflection of external market conditions. Regulatory approaches should, in particular, help reduce the dependence of monetary policy on external factors — such as oil prices, foreign loans, access to foreign markets, etc. This is not about completely isolating the monetary sphere of the Russian Federation from parameters and the external environment. It is required to refuse close, automatic communication with the given parameters. It is necessary to increase the stability of the monetary system of the Russian Federation and the economy as a whole in relation to external shocks. This can be done through more active use of a wide range of tools available to the regulator. These include monetary and regulatory mechanisms (interest rates, reserve requirements, foreign exchange positions, etc.), gold reserves, verbal interventions, etc., which can have a stimulating effect on economic growth. The high volatility of the ruble now observed makes it extremely difficult for enterprises to plan and forecast, thereby making it impossible for the normal course of investment processes and expanded reproduction. In order to use monetary mechanisms to stimulate economic growth and eliminate the negative effects of current monetary policy (in particular, implemented since autumn 2014), a departure from inflation targeting and free floating of the ruble exchange rate is necessary. At the same time, it is obviously necessary to abandon many components or closely related elements (for example, “monetary contraction”). In addition, steps will be needed to stabilize the foreign exchange market, which would have positive effects (falling volatility, lower inflation, etc.). Under current conditions, with limited access to external financial resources, it is important to use mechanisms  for generating financial flows based on internal sources. In other words, the monetary base should be formed due to internal factors, and not depend on the dynamics of energy prices. In previous years, the main emphasis in the Russian economy was placed on the external sphere as a source of growth financing. Restricting access to external cheap financial resources (due to low oil prices, sanctions, etc.), as well as continuing geopolitical tensions with regard to Russia, reduce the possibilities for implementing longterm investment projects in the economy. This increases the relevance of national mechanisms and sources of formation of the resource base (including long) necessary to refinance previously taken loans, as well as to implement structural changes in the Russian economy.

What it Means to Manage the Economy in the Interests of a Man

DOI: 10.33917/es-1.167.2020.118-125

The article discusses the current problems of economic science, which should participate in the state goal-setting and strategic planning and should become a doctrine of the laws of production aimed at all-round development of a man. Moral principles should pervade the entire economy. In the 21st century special attention should be paid to the system of education and upbringing. To educate a new person, it is necessary to reconstruct society in accordance with its traditional foundations

Emergencies Information Management Systems

#2. Breakthrough Betting
Emergencies Information Management Systems

The paper addresses the issue of forming an intelligent digital infrastructure for managing the country’s economy in special conditions: global disasters, catastrophes and emergencies. The experience of creating large information systems for managing the country’s economy in a special period is evaluated. The convergent approach for creating the required system for management support is proposed. It is shown that under these conditions, high management efficiency can be achieved on the basis of special support for self-organization processes and anti-collapse self-adjusting integration of information system segments and intelligent services that are adaptable to conditions of a known, predictable and unknown nature. At the same time, the integration of network infrastructures involves the distributed processing and storage of data based on interaction and integration of various network environments, which allows to achieve previously unattainable reliability, stability and recoverability of economic management.

On the System Economics Basis Formation

#7. Foresight Boom
On the System Economics Basis Formation

Authors propose a new idea of the economic theory construction as a more systematic and reasonable. The authors divide the economics into five levels: nanoeconomics, microeconomics, mezoeconomics, macroeconomics and megaeconomics. Nanoeconomics is considered as economics of intellectual capital, intellectual property and innovations. Nanoeconomics is the systemic basis for all other economics, ensuing from it by meaning and substance. In the article there is noted the increasing significance of legal factor in modern economic theory and practice and, in particular, the IP law importance.

A.I. Chuprov — Formation of the Russian Tree of Economic Sciences

#7. Foresight Boom
A.I. Chuprov — Formation of the Russian Tree of Economic Sciences

Rector of the Moscow University, Academician V.A. Sadovnichy signed an order to conduct on December 14, 2017 the interdisciplinary conference “A.I. Chuprov — the great son of Russia” in order to actualize his educational and scientific heritage, dedicated to the 175th anniversary of the birth of an outstanding Russian economist, graduate of the Moscow State University, in 1874–1899 head of the department of political economy and statistics. The aim of the article is to reveal the role of Chuprov in forming the Russian tree of economic sciences, to show the role of the great scientist with a world name in creating a system of economic knowledge and uniting scientists in the field of social science, all the surrounding sciences that make up ideology of the country.

Market Civilization: Where are Its Roots?

#6. The Charm of Unattainable Peaks
Market Civilization: Where are Its Roots?

Reviewed fundamental research “Pre-capitalist economies” by N.V. Sychev, published by the Institute for Economic Strategies together with the Russian Biographical Institute in 2017, is dedicated to the key problems of the first section of political economy — pre-capitalist modes of production.