Abstract
Authority of the Central Bank of Russia from Perspectives of Keynes's Liquidity Preference Theory
Highlights
Discussions† on the authority, tasks and policy of the Central Bank of Russia undoubtedly stem from the perceptions that monetary inflation is much easier to unleash than curb since the social construct of money is sluggish
But the liquidity preference theory of John Maynard Keynes explains some key aspects of this issue
The editor-in-charge of this article was Irina M
Summary
Discussions† on the authority, tasks and policy of the Central Bank of Russia undoubtedly stem from the perceptions that monetary inflation is much easier to unleash than curb since the social construct of money is sluggish. Money is not just a social construct. Today's money historically and logically represents informal and formal institutions. But the liquidity preference theory of John Maynard Keynes explains some key aspects of this issue. Teaching of John Maynard Keynes in Retrospect. It is noteworthy that few economists, who worked before J.M. Keynes, doubted that in the capitalist
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
