Book notes: A full-value ruble, by Kristy Ironside

Soviet experience shows MMT worked, only with far more challenges and downsides than promoters envisioned

A full-value ruble, by Kristy Ironside

Kristy Ironside, A full-value ruble: the promise of prosperity in the postwar Soviet Union, Harvard University Press, 2021, 320 pages

A full-value ruble describes efforts in the Soviet Union from the mid-1940s to the mid-1980s to provide the benefits of fiscally managed money without high inflation, endemic shortages or corrosion of labour effort. By fiscally managed, I mean that state spending, taxes and price controls drove aggregate money flows and inflation, with the Soviet central bank

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.