Американский план помощи вызывает повышение инфляционных ожиданий (обзор мировых финансовых рынков с 16 января по 15 марта 2021 г.) (US Stimulus Plan Raises Inflation Expectations (Review of Financial Markets from January 16 through March 15, 2021))

Russian Economic Developments. Moscow. 2021. Vol. 28. No. 3. Pp. 18-21

4 Pages Posted: 5 May 2021

See all articles by Alexander E. Abramov

Alexander E. Abramov

Gaidar Institute for Economic Policy

Andrey Kosyrev

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA)

Alexander Radygin

Gaidar Institute for Economic Policy; Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Applied Economic Research

Maria Chernova

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Applied Economic Research

Date Written: March 1, 2021

Abstract

Russian Abstract: Расширение программ государственной поддержки экономики в США вызывает опасения относительно ускорения инфляции и роста стоимости активов не только в этой стране, но и во всем мире. В среднесрочной перспективе российская экономика и ее финансовый рынок могут стать бенефициарами роста бюджетных расходов в США. Дорогостоящие антикризисные меры способны вызвать повышение цен на нефть, иные сырьевые ресурсы и, соответственно, рост стоимости акций российских компаний. Однако такой эффект будет носить временный характер.

English Abstract: The expansion of the US government economic stimulus package has raised concerns about accelerating inflation and rising asset values not only inside the country, but throughout the world. In the medium term, the Russian economy and financial market may benefit from climbing US budget spending. The expensive relief measures may push up prices for oil and other raw materials and, accordingly, produce an increase in the value of shares issued by Russian companies. However, this effect is expected to be temporary.

Note: Downloadable document is in Russian.

Keywords: financial markets, share indexes, the USA stimulus plan, Law on the American recovery plan, финансовые рынки, фондовые индексы, программа поддержки экономики США, Закон об американском плане спасения

JEL Classification: E31, E44, E58, G18

Suggested Citation

Abramov, Alexander E. and Kosyrev, Andrey and Radygin, Alexander and Chernova, Maria, Американский план помощи вызывает повышение инфляционных ожиданий (обзор мировых финансовых рынков с 16 января по 15 марта 2021 г.) (US Stimulus Plan Raises Inflation Expectations (Review of Financial Markets from January 16 through March 15, 2021)) (March 1, 2021). Russian Economic Developments. Moscow. 2021. Vol. 28. No. 3. Pp. 18-21, Available at SSRN: https://ssrn.com/abstract=3835438

Alexander E. Abramov (Contact Author)

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Andrey Kosyrev

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) ( email )

Vernadskogo Prospect 82
Sredny av. V.O., 57/43
Moscow, St. Petersburg 119571
Russia

Alexander Radygin

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Applied Economic Research ( email )

Russia

Maria Chernova

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Applied Economic Research ( email )

Russia

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
11
Abstract Views
113
PlumX Metrics