Theory and practice of overcoming an economic crisis (on the Nobel Prize in economics in 2022)

The article analyzes the Nobel Prize winners in economics of 2022’s research results. author explains meaning terms which are necessary for analysis: money multiplier, liquidity, mortgage, mortgage bonds. In addition, psychological factor formation critical situations banking sector is considered way it was interpreted by winners. reasons led to lower position USSR’s and modern Russia’s multiplier compared countries with developed market economies including, first all, USA. paper also discusses role “real bills doctrine” played activity US Federal Reserve System Ben Bernank personally. Bernank’s cautious line behavior during overcoming 2008 crisis described. model liquidity dynamics belongs laureates that vividly discussed scientific community detail.