Keyword: «equilibrium / nonequilibrium gdp»

The correct definition of the type of macroeconomic imbalance allows the state and the central bank to effectively influence the national economy, returning it to a position close to equilibrium. The article examines in detail the types of macroeconomic imbalance, shows their normal and abnormal types. The definition of "normality-abnormality" is based on direct or reverse causal relationships between all markets, which allow us to talk about the relationships between them, which can either contribute to an increase in national economic efficiency or a decrease, depending on the specific relationship that develops in one or another period. The stated hypothesis is tested on the empirical material of the Russian economy in 1999–2017. As a result, a conclusion was made on the whole about the effective actions of regulatory entities in a given period of time, covering actually two economic development cycles of our economy.