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Financial Repression and Economic Growth

Student: Zakhar Maximenko

Supervisor: Sergey E. Pekarski

Faculty: Faculty of Economic Sciences

Educational Programme: Economics (Bachelor)

Final Grade: 7

Year of Graduation: 2019

The purpose of this paper is to determine the effect of financial repression on economic growth. It will be done with the extension of classical model of Roubini, Sala-i-Martin (1992) with government debt: households will be required to invest a certain proportion of their productive capital in government bonds with interest rate that is lower than market one after tax. This paper is expected to prove a negative impact of financial repression and show how financial repression works alongside with money market.

Full text (added May 10, 2019)

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