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On the Need to Achieve a Compromise between Economic Policy Goals in the Light of Overcoming Stagnation in Russia

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  • A. O. Baranov

    (Institute of Economics and Industrial Engineering, Siberian Branch, Russian Academy of Sciences
    Novosibirsk State University)

Abstract

We discuss the problem of coordinating the various goals of economic policy and achieving a compromise between them in two aspects. The first one is the coordination of the various goals of economic policy in the short term. The second aspect is the achievement of a compromise between the short-term and long-term goals of socioeconomic development. The problem of finding a compromise is examined in the context of discussing the goals and results of economic policy in Russia in the period after 2010 and with the view of adjusting the economic policy in the future.

Suggested Citation

  • A. O. Baranov, 2020. "On the Need to Achieve a Compromise between Economic Policy Goals in the Light of Overcoming Stagnation in Russia," Studies on Russian Economic Development, Springer, vol. 31(5), pages 475-484, September.
    • Handle: RePEc:spr:sorede:v:31:y:2020:i:5:d:10.1134_s1075700720050032
    DOI: 10.1134/S1075700720050032
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    References listed on IDEAS

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    1. Horowitz, Ann R., 1987. "Loss functions and public policy," Journal of Macroeconomics, Elsevier, vol. 9(4), pages 489-504.
    2. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    3. Zamulin, O., 2016. "Russia in 2015: a Supply-Side Recession," Journal of the New Economic Association, New Economic Association, vol. 29(1), pages 181-185.
    4. Cecchetti, Stephen G, 2000. "Making Monetary Policy: Objectives and Rules," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 16(4), pages 43-59, Winter.
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    Cited by:

    1. Olga Yu. Gorodetskaya & Gulnara I. Alekseeva & Kira A. Artamonova & Natalia A. Sadovnikova & Svetlana G. Babich & Elvira N. Iamalova & Anatoliy M. Tarasov, 2021. "Investment Attractiveness of the Russian Energy Sector MNCs: Assessment and Challenges," International Journal of Energy Economics and Policy, Econjournals, vol. 11(2), pages 199-207.

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