In this paper we investigate the size of the consumption drop in Russia We use micro data on the household consumption of food and non-durables collected during the survey of household welfare and participation in social programs (NOBUS) We use the regression discontinuity design and impose an...

The article shows that actual public expenditure in the period of rapid oil prices growth of the 2000s was less than optimal level in Russia. The macroeconomic model of Russian economy is the basis of current research. The main mechanism of growth in an optimum scenario is associated with the...