ECONOMIC POLICY TO OVERCOME STAGNATION AFTER THE FINANCIAL CRISIS

The article considers the downward spiral of deflation, its causes and consequences. The paper discusses the compression of aggregate demand and the subsequent recession. The study discloses the content of the liquidity trap created by the behavior of borrowers. The author traces the connection betw...

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Autor principal:	V. D. Kuligin
Formato:	article
Lenguaje:	RU
Publicado:	Publishing House of the State University of Management 2021
Materias:	aggregate demand credit expansion debts deflation liquidity trap recession stagnation Sociology (General) HM401-1281 Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/9adcedbdf237486eb35f44591204763c
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id	oai:doaj.org-article:9adcedbdf237486eb35f44591204763c
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spelling	oai:doaj.org-article:9adcedbdf237486eb35f44591204763c2021-12-03T07:43:34ZECONOMIC POLICY TO OVERCOME STAGNATION AFTER THE FINANCIAL CRISIS1816-42772686-841510.26425/1816-4277-2020-12-112-118https://doaj.org/article/9adcedbdf237486eb35f44591204763c2021-02-01T00:00:00Zhttps://vestnik.guu.ru/jour/article/view/2579https://doaj.org/toc/1816-4277https://doaj.org/toc/2686-8415The article considers the downward spiral of deflation, its causes and consequences. The paper discusses the compression of aggregate demand and the subsequent recession. The study discloses the content of the liquidity trap created by the behavior of borrowers. The author traces the connection between the events of the “lost decades” in Japan and the stagnation of production in leading Western countries after the global financial crisis. In both cases, the large-scale use of fiscal and monetary incentives did not cause a sharp rise in business activity. The paper concludes that the operation of the market mechanism is blocked by budget and monetary policies. Obstacles to entrepreneurial activity and energy lead to the loss of necessary information generated by market agents. This circumstance prolongs the stagnation of the economy.V. D. KuliginPublishing House of the State University of Managementarticleaggregate demandcredit expansiondebtsdeflationliquidity traprecessionstagnationSociology (General)HM401-1281Economics as a scienceHB71-74RUВестник университета, Vol 0, Iss 12, Pp 112-118 (2021)
institution	DOAJ
collection	DOAJ
language	RU
topic	aggregate demand credit expansion debts deflation liquidity trap recession stagnation Sociology (General) HM401-1281 Economics as a science HB71-74
spellingShingle	aggregate demand credit expansion debts deflation liquidity trap recession stagnation Sociology (General) HM401-1281 Economics as a science HB71-74 V. D. Kuligin ECONOMIC POLICY TO OVERCOME STAGNATION AFTER THE FINANCIAL CRISIS
description	The article considers the downward spiral of deflation, its causes and consequences. The paper discusses the compression of aggregate demand and the subsequent recession. The study discloses the content of the liquidity trap created by the behavior of borrowers. The author traces the connection between the events of the “lost decades” in Japan and the stagnation of production in leading Western countries after the global financial crisis. In both cases, the large-scale use of fiscal and monetary incentives did not cause a sharp rise in business activity. The paper concludes that the operation of the market mechanism is blocked by budget and monetary policies. Obstacles to entrepreneurial activity and energy lead to the loss of necessary information generated by market agents. This circumstance prolongs the stagnation of the economy.
format	article
author	V. D. Kuligin
author_facet	V. D. Kuligin
author_sort	V. D. Kuligin
title	ECONOMIC POLICY TO OVERCOME STAGNATION AFTER THE FINANCIAL CRISIS
title_short	ECONOMIC POLICY TO OVERCOME STAGNATION AFTER THE FINANCIAL CRISIS
title_full	ECONOMIC POLICY TO OVERCOME STAGNATION AFTER THE FINANCIAL CRISIS
title_fullStr	ECONOMIC POLICY TO OVERCOME STAGNATION AFTER THE FINANCIAL CRISIS
title_full_unstemmed	ECONOMIC POLICY TO OVERCOME STAGNATION AFTER THE FINANCIAL CRISIS
title_sort	economic policy to overcome stagnation after the financial crisis
publisher	Publishing House of the State University of Management
publishDate	2021
url	https://doaj.org/article/9adcedbdf237486eb35f44591204763c
work_keys_str_mv	AT vdkuligin economicpolicytoovercomestagnationafterthefinancialcrisis
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ECONOMIC POLICY TO OVERCOME STAGNATION AFTER THE FINANCIAL CRISIS

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