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Persistent link: https://www.econbiz.de/10009572406
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Pension reform is a key policy challenge in Russia. This paper examines how pension spending could increase in Russia …
Persistent link: https://www.econbiz.de/10009621667
This paper examines how regional disparities have evolved in Russia and how Russia's system of intergovernmental fiscal … with federal systems of government, Russia stands out with its high reliance on direct taxes as a revenue source for its …
Persistent link: https://www.econbiz.de/10012613358
gravity model to analyze remittance flows in Russia and Caucasus and Central Asia (CCA) countries. Standard gravity …
Persistent link: https://www.econbiz.de/10012299334
This paper discusses migration and remittances trends, and calculates the natural (or benchmark) level of dollarization in Caucasus, Central Asia and others in the region. This natural level of dollarization is conceptually linked to the currency allocation in a portfolio of deposits to maximize...
Persistent link: https://www.econbiz.de/10012302051
Local currency government bonds (OFZ bonds) are an important fixed-income instrument in Russia's financial markets. In …
Persistent link: https://www.econbiz.de/10011716554
The short answer: The size of the Russian State has not increased much in the last few years, but its economic footprint remains significant. Concretely, the state's size increased from about 32 percent of GDP in 2012 to 33 percent in 2016, not far from the EBRD's estimate of 35 percent for...
Persistent link: https://www.econbiz.de/10012009568
We build and estimate open economy two-bloc DSGE models to study the transmission and impact of shocks in Russia, Saudi …: Russia would benefit from a smaller state foot-print, while in Saudi Arabia, unless this is accompanied by structural reforms …
Persistent link: https://www.econbiz.de/10012112123
, private investment, market depth, and competition. This paper summarizes the main elements of Russia's fiscal federalism …
Persistent link: https://www.econbiz.de/10011781330