Impact of interest rates of central banks on GDP growth
Автор: Blinov Sergey N.
Журнал: Имущественные отношения в Российской Федерации @iovrf
Рубрика: Финансы, денежное обращение и кредит
Статья в выпуске: 6 (237), 2021 года.
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The article analyzes the impact of interest (key) rates set by the central banks of various countries on Gross domestic product (GDP) growth in these countries. Using the example of the United States, Japan and Russia, it is shown that low rates do not always lead to GDP growth, and high rates often do not hinder GDP growth (with the risk of inflation, it is advisable to keep rates high in order to control price growth, while the money supply of the economy is central banks should actively increase the purchase of assets on the open market). The author comes to the conclusion that a combination of rapid money supply growth and stable low inflation leads to sustainable GDP growth.
Money supply and economic growth, japanese stagnation phenomenon, dependence of gdp on money supply, stagflation, real money supply and economic growth, volcker maneuver, quantitative easing policy, russian economic miracle
Короткий адрес: https://sciup.org/170191309
IDR: 170191309