Introduction : why Russia matters and how -- Russia's historical roots -- Russia's new political system and succession -- Economic revival and financial crisis -- Policy on oil and gas -- International economic integration : trade and investment policies -- Challenges of demography and health --...

"This paper relaxes some key assumptions in the probabilistic approach to fiscal sustainability. First, the authors identify structural breaks over the sample period used to estimate the covariance matrix of the shocks to the debt ratios. Second, the assumption of normality of the shocks is...