Rautava, Jouko - EconWPA - 2002
Most people seem to think that Russia’s economy and fiscal situation are still crucially tied up with international oil … research on this topic is, however, scanty. In this paper, the impact of international oil prices and the real exchange rate on … oil prices is associated with a 2.2% growth (fall) in the level of Russian GDP. Respectively, a 10% real apprecia …