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 Economy Needs Reliable Indicators

#1. Crossing Parallels

There is no need to prove the importance of such social indicators as cost of living, average income and average wage, the minimum hourly wage, the poverty threshold as the main characteristics and driving forces of modern progress. But precisely in this area there is the considerable backlog of State Statistics and statistical science.

The State in the Economy of the European Union — Impossible to Expand, to Narrow?

#4. Sorrow and Light

The crisis generated by the separation of finance from the real sector can not be considered an occasional phenomenon. On the contrary, such concourse of circumstances is rather natural.