Comparative Analysis of Macroeconomic Dynamics of the Developed Countries: USA, Germany, China, Russia

#7. Connected Space
Comparative Analysis of Macroeconomic Dynamics of the Developed Countries: USA, Germany, China, Russia

The study is devoted to comparing the characteristics of the macroeconomic dynamics of the US, Germany, China and Russia, with the goal of establishing not only differences and similar elements of this dynamics, but also identifying the most expedient ways to further implement the instruments of the macroeconomic policy pursued. Counteraction to the economic crisis presupposes institutional corrections, since the standard recipes of macroeconomic policy are weak in changing the situation, since the importance of, for example, financial institutions, the banking system, etc. However, the coherence of macroaggregates needs to be taken into account, moreover, it has its own peculiarities in each country, thus, the general methods of macroeconomic policy require detailed elaboration based on the development task and the current dynamics. The expediency of a moderately expansionary monetary policy for the Russian economy is shown, and the comparative and comparative method of analysis confirms that the USA and Russia demonstrate a similar dynamics of macroaggregates in general properties, Germany and China are also close to each other, although some parameters and connections are different. However, in the US and Russia (Fisher’s growth model), the decline in inflation has little effect on growth, in Germany and China, growth is accompanied by inflation (Schumpeter’s growth). The result of the comparative analysis using the matrix of pair correlations and obtained regressions should be used to correct macroeconomic policy measures in the countries examined. In addition, this comparison will prevent governments from mechanically copying macroeconomic instruments.

The Russian Economy in 2017–2019 — Results and Trends: in Anticipation of Change

#3. For Nothing, or an Invisible Threat
The Russian Economy in 2017–2019 — Results and Trends: in Anticipation of Change

The article examines the macroeconomic results of 2017 and provides an analysis of problems related to overcoming risks and threats that hamper the acceleration of the development of various spheres of the economy. Comparisons are given of trends by the development of the Russian and world economies on the dynamics of gross domestic product (GDP) and other macroeconomic indicators. The forecasts of macroeconomic indicators for 2018–2019 are given.

History of Energy Prices

#1. Event Horison
History of Energy Prices

In this article long-term trends of the energy market are viewed not from the point of view of supply and demand balance, as it is usually done, but exclusively analyzing quotations. Particular attention is paid to coal prices, which have been traced since 1834. The main conclusion is that there isn’t any shortage of raw materials on the planet, and the tendency of refusing mineral fuel in favor of renewable sources, if it is manifested in quotations — it will happen only in several decades. Much more important for price dynamics are big cycles of the business situation, on the basis of which a long-term forecast is made.

The Key Element in Solving the Russian Economy Problems

#4. The Square of Transformation
The Key Element in Solving the Russian Economy Problems

One can long list problems faced by our economy after the economic reforms onset. But the most serious of them are: extremely low rates of economic growth and resource degradation of the economy, threatening the very existence of our country. Scientists, experts and politicians bring a lot of reasons of this and offer a variety of different methods and ways to remedy the situation. But it is extremely important to determine the main cause underlying these problems, because without its elimination it is impossible in principle to resolve them and all the measures taken will be ineffective or useless. That is, we are talking about the “key link”, pulling which one can pull out the whole chain of economic problems of our country. Publications and various speeches most often cite the bad investment climate or the practical unavailability of long-term and cheap loans as the main reason. But is it really so?

Inflationary Processes in Russia: Analysis of Monetary and Non-Monetary Factors

#2. Liberal Indolence Inertia
Inflationary Processes in Russia: Analysis of Monetary and Non-Monetary Factors

The article dwells on inflation processes in Russia. The main factors, which have significantly affected it, are identified and analyzed. The factors themselves are considered from monetary and non-monetary points of view. Particular attention is paid to non-monetary factors of inflation being its main source.

Forming Current Macroeconomic Policies Subject to Expectations (by the Example of the U.S. Federal Reserve System)

#2. The Ice Age

The crisis has shown that government together with the central bank can secure financial market stabilization by allocating additional funds to credit institutions for increasing risk reserves and mitigating effects of “toxic” assets accumulation.

“The Money Scream„: the Sunset of a Consumer Society

#1. Crossing Parallels

In terms of consumption Russia was seeking to “catch up and surpass„ the West, but was doing so in a unique style of glare and poverty “all in one„.

Another Reincarnation of the Idea of Russia’s Modernization: the Choice of Model

#3. Expectation of Light

It’s possible to say surely that for many centuries two models of relationship in society co-exist — control (diktat!) or partnership, and predominance of one or another component determines the type of corresponding public formation.