Место России в истории финансовых инноваций (часть 2)

Today, increasing the growth rate of the Russian economy is more relevant than ever. Consideration of any macroeconomic phenomena that in a historical perspective would provide an economic recovery and increase the economic power of our country is of undoubted interest. One of the important aspects of this problem is the influence of monetary policy and specifically the increase in real money supply on economic growth in a broad historical perspective. The dynamics of the real money supply explains well the rapid growth of the Russian economy in 1999–2008 and the slow one from 2009 to 2019. Some features of monetary policy, in particular ignoring the important role of public debt as a stabilizer of the monetary system, can be considered as causes of economic policy failures in the recent past. From the perspective of a historical analysis of these recent events and a deeper immersion in economic history, we will try to find out what measures in the field of monetary and financial strategies and tactics can most effectively help accelerate Russia's economic development