Model for integrating monetary and fiscal policies to stimulate economic growth and sustainable debt dynamics

This article examines the main integration trends of the state's monetary and fiscal policy in influencing economic growth and maintaining the sustainability of public debt. It is argued that the relationship between these trends of macroeconomic regulation is predetermined, on the one hand, by the potentially negative impact of fiscal expansion from the point of view of inflation, and by the negative impact of a likely state default in failing to refinance the debt from the Ministry of Finance, on the other hand. The paper studies the selected array of statistical data using the fiscal policy multipliers concept, the relationship between the effect of increase/decrease in budget expenditures, the slowdown in economic activity and the efforts by the Central Bank to offset fiscal measures, on the one hand, and the ratio of an increase/decrease in budget revenues and debt expenditures used to finance the budget investments, on the other hand. It is revealed that the investments are effective if implementing budget expenditures in the presence of the GDP gap and unrealized expectations of economic agents, while reducing spending in such a situation will intensify the recession. The GDP growth determined by these investments should provide the tax effect sufficient to cover the expenses. Otherwise, there can be negative effects of debt that establishes the need for measures to refinance public debt by the Central Bank. The conclusions of the paper can be used to assess the possible integration of monetary and fiscal policy based on various states.peer-reviewe

Stability of Citrinae Subtribe Development in the Conditions of the Mediterranean Area

Fluctuating asymmetry as the value of random deviations reflects either stability or instability of development. It is quite often used by researchers to assess the level of influence of anthropogenic and climatic factors. This study is focused on the territory with favorable climate and low anthropogenic load. The object of the study includes leaf blades of woody plants Citrus X sinensis (Valencia), Citrus limon (Molla Mehmet), Citrus reticulata (Okitsu wase C. unshiu) and Punica granatum (Emek) of the city of Kemer of the Republic of Turkey. The reliability of the presented results is justified by the use of correct methods of study and adequate statistical processing of big data. The integrated indicator of fluctuating asymmetry was the highest for leaf blades of Punica granatum (0.019), Citrus limon (0.017), these plants are introduced species. Citrus X sinensis and Citrus reticulata were characterized by low level of destabilization of plants in the conditions of the Mediterranean Area. It is shown that the most sensitive morphological features of fluctuating asymmetry for Citrinae Citrus X sinensis subtribe plants are j4 and j5, Cítrus límon – j2 and j5, Citrus reticulata – j3 and j4

The country's economic growth models and the potential for budgetary, monetary and private financing of gross domestic product growth

This article examines the financing of GDP growth within the framework of catch-up, evolutionary and dynamic models of economic development. Methods/statistical analysis: using the principles of the Solow model and the Cobb-Douglas function, an analysis of the nature of the models has been carried out, considering the processes of capital accumulation, the rate of growth of the workforce, and various aggregate factor productivities. With the help of historical logic and statistical evaluation, examples of countries relating to each of the models examined are reviewed. Based on the analysis, the main ways of financing economic growth are noted: both the state ones, due to budgetary and monetary policy measures, and private ones. It has been proven that with the transition from catch-up to an evolutionary or dynamic model, the role of the state as a centralizing force is diminishing. At the same time, the specificity of a dynamic model is due to the country's objective ability to be among the technological leaders, which is predetermined by the high values of current GDP, per capita GDP, and population size. Countries with an evolutionary model of development are constrained in their ability to maintain a comparable pace of development only within separate "growth points". The main result of the work is the assessment of Russia's potential from the viewpoint of one of the models considered, based on a comparative analysis of several capital indicators, as well as a logical analysis of data on the level of GDP and population with other countries. This makes it possible to make recommendations for financing the country's GDP growth in the medium to long term. Scope/Improvements: The findings can be used in the development of Russia's financial and economic strategy up to 2030.peer-reviewe

Production of {\pi}+ and K+ mesons in argon-nucleus interactions at 3.2 AGeV

First physics results of the BM@N experiment at the Nuclotron/NICA complex are presented on {\pi}+ and K+ meson production in interactions of an argon beam with fixed targets of C, Al, Cu, Sn and Pb at 3.2 AGeV. Transverse momentum distributions, rapidity spectra and multiplicities of {\pi}+ and K+ mesons are measured. The results are compared with predictions of theoretical models and with other measurements at lower energies.Comment: 29 pages, 20 figure

Current Problems in the Industrialization of Construction

In the USSR, basic construction has a major role to play in creating the basis for communism in material things and technology and in meeting the foremost economic objective of the USSR - that of overtaking and surpassing the most advanced capitalist countries in output of production per head of population. This is why matters pertaining to construction are, with us, of not only economic, but political importance.

Orientation dependence of confinement-deconfinement phase transition in anisotropic media

We study the T-μ phase diagram of anisotropic media, created in heavy-ion collisions (HIC). Such a statement of the problem is due to several indications that this media is anisotropic just after HIC. To study T-μ phase diagram we use holographic methods. To take into account the anisotropy we use an anisotropic black brane solutions for a bottom-up QCD approach in 5-dim Einstein-dilaton-two-Maxwell model constructed in our previous work. We calculate the minimal surfaces of the corresponding probing open string world-sheet in anisotropic backgrounds with various temperatures and chemical potentials. The dynamical wall (DW) locations, providing the quark confinement, depend on the orientation of the quark pairs, that gives a crossover transition between confinement/deconfinement phases in the dual gauge theory. © 2019 The Author(s

Financial instruments for neutralisation of national project implementation risks

This paper represents the results of national and infrastructure project funding shortfalls study and determined implementation risks of such projects attributed to the Russian export market fluctuations, additional budget expenses in terms of the pandemic and upon the slowdown of macroeconomic indicators’ growth. In order to neutralize risks of national project implementation and cover requirements in infrastructure investments the study proposes the financial instruments of Public Private Partnership (PPP) institute, including instruments for update and development of project financial support mechanism providing the sustainable development of regional economy

Impact of the Mode of Delivery on Gastroschisis Anatomical Features in the Newborn Children

Introduction. The mode of delivery for gravidas with fetuses with GS plays an important role among the factors influencing the results of gastroschisis (GS) treatment. More researchers come to univocal conclusion that elective and early cesarean section has positive impact on elimination (prevention) of GS complications compared to previous experience in natural deliveries in term. However, the impact of the mode of delivery to anatomical features of GS remains still not investigated.The objective of the research was to determine the impact of the delivery mode on anatomical characteristics of newborn children with GS.Materials and methods. Retrospective analysis of 100 patients’ case histories was conducted. Infants were born naturally or via C-section during the period from 1987 to 2015. All newborns were divided into 3 clinical groups according to prenatal diagnosis, mode of delivery, transportation, place and term of surgical treatment of GS.Results. Localization of penetration defect of anterior abdominal wall (AAW) remains constant and typical for GS in every clinical group; therefore the mode of delivery did not have any impact upon the localization of defects in case of this malformation. The size of the penetration defect was significantly smaller in children after C-section than those born via vaginal deliveries. Thus, in Group I (children born via C-section) the defects sizes were 3.15 ± 0.09 cm, while in Groups II and III (after vaginal deliveries) the sizes were 4.17 ± 0.3 cm, p<0.01, and 4.7 ± 0.29 cm, p<0.01, respectively. The eventration rate of retroperitoneal organs (pancreas and duodenum) was significantly higher in children with GS born via natural mode of delivery (II and III clinical group) than in neonates born via C-section (I clinical group), constituting 56.0% and 63.3% to 25.0%, respectively, with p<0.01.Conclusions. The mode of delivery (C-section or vaginal) has impact on anatomical features of GS in the newborns. The size of AAW defect is significantly greater in children with GS born vaginally than in infants born via C-section and eventeration rate of retroperitoneal organs (pancreas and duodenum) is higher

Cystic Duplication of Ileum Causing Intestinal Obstruction in a Newborn Child

Intestinal cystic duplication is rather rare vital abnormality manifesting in several clinical presentations. Clinical case of successful treatment of ileal cystic duplication is described. It manifested in low intestinal obstruction in a newborn child