On New Mechanisms for Providing Economic Growth in the Context of Sanctions

Mikhail V. Ershov

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Economic and Technological Developments in Russia Monetary Policy and Economic Impact Economic Theory and Policy

Abstract

First the pandemic and then geopolitical tensions in the world created new conditions and posed new challenges for the economies. Among the mechanisms, needed to finance increased government spending, many countries have begun to apply the approaches of the so-called Modern Monetary Theory. It seems that the use of its elements could also be expedient in Russia to finance the necessary transformation of the economy.

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