Author page: Sergei Glazyev

Monetary Policy in Russia Reduces Economic Activity during the Period of its Growth – isn’t this a Success?

DOI: 10.33917/es-6.198.2024.48-55

The article dwells on the policy of the Central Bank of Russia to suppress inflation and ensure stable economic growth. The purpose of the study is to identify the impact of the key interest rate on inflation and economic growth in Russia, to specify the negative consequences of its increase. Methodology is based on the theory of monetary policy and economic growth. The overall result obtained is that the current policy of increasing the k ey interest rate in Russia has a negative impact on economic development and is less successful in suppressing inflation than some economists and analysts expect. Moreover, it slows down economic growth, reproduces the growth of inequalit y over a long period, revealing a weakly positive effect in influencing inflation and a negative cumulative ef fect on the rate of economic growth. The approach from the perspective of “distributed control” and the cumulative ef fect, used in the article, makes it possible to reveal the joint dynamics of a number of relevant parameters that characterize and reflect the content and ef fectiveness of monetary policy in Russia. The proposal is that various policy instruments should be subordinated to the task of the real economy growth, supplying it with financial capital, against which the policy of a debt economy with a high interest rate works.

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3. Glazyev S.Yu. Kak denezhno-kreditnaya politika ugnetaet ekonomicheskiy rost v Rossii i Evraziyskom ekonomicheskom soyuze [How Monetary Policy Is Suppressing Economic Growth in Russia and the Eurasian Economic Union]. Rossiyskiy ekonomicheskiy zhurnal, 2022, no 2, pp. 4–20.

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On Forming the Ideology of Transition to a New World Economic Order in Russia and the EAEU

DOI: 10.33917/es-7.173.2020.46-61

The formation of a new — integral-world economic order imposes increased requirements on the quality of the ideological basis of large-scale socio-economic transformations. This basis, by the very nature of the new world economic order, cannot sow antagonism, it is intended to harmonize the divergent interests of the government and society on the basis of national creative development goals

Formation and Promotion of the Eurasian Integration Ideology Based on Traditional Values, Relay of Generations and Preservation of the Victory Memory

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Formation and Promotion of the Eurasian Integration Ideology Based on Traditional Values, Relay of Generations and Preservation of the Victory Memory

Interactive discussion of the research work “Evolution of the Eurasian philosophy and transformation of the national axiology of the peoples of the Eurasian integration countries”.