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Savings and Inflation Using the Example of Russia in 1992

Author

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  • BLINOV, Sergey

Abstract

Savings are a huge boon for the economy. This means both growth today and prospects for growth tomorrow. This is both an investment resource and a medicine for inflation. However, mistakes made in managing the savings by economic authorities, may turn everything upside down and then the savings become a cause of inflation and many other economic woes. This is exactly what happened in the far-off 1992 in Russia. Two approaches: reliable tools and advantages of the bond type form of savings would enable Russia to quickly create a significant stock of «long» money and increase the GDP and, at the same time, significantly reduce inflation.

Suggested Citation

  • BLINOV, Sergey, 2015. "Savings and Inflation Using the Example of Russia in 1992," MPRA Paper 67147, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:67147
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    File URL: https://mpra.ub.uni-muenchen.de/67147/1/MPRA_paper_67147.pdf
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    Cited by:

    1. S. N. Smirnov, 2021. "Social Consequences of Economic Reforms: Subjective Perception vs Statistical Data," Outlines of global transformations: politics, economics, law, Center for Crisis Society Studies, vol. 14(5).

    More about this item

    Keywords

    Savings; Inflation; Shock Therapy; Transitional Economies; Russia;
    All these keywords.

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • P24 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation

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