Poor health, large acute and long-term care medical expenses, and spousal death are significant drivers of impoverishment among retirees. We document these facts and build a rich, overlapping generations model that reproduces them. We use the model to assess the incentive and welfare effects of...

A widespread controversy raised in the period under review regarding measures of tackling the eff ects of economic sanctions on Russia. In our opinion, decision-making should be based on a comprehensive analysis of potential eff ects of measures proposed by the Russian Government and/or experts....

The period under review saw events that will have a signifi cant eff ect on Russia’s economic policies in the near term: Russia imposed a prepayment regime on natural gas supplies to Ukraine and signed an agreement on the establishment of Eurasian Economic Union (EAEU) embracing Russia,...

The Main Trends of the Budget Policy for 2015 and the Planning Period of 2016 and 2017 deserves a particular emphasis in reviewing the above period. This is the fi rst detailed analytical document concerning the current situation and development prospects of the Russian economy facing economic...

In the period under consideration, as a result of restrictions imposed by Russia on food imports from those countries that had introduced sanctions against the Russian Federation or those that have joined the anti-Russian economic policy, the domestic market was being artifi cially limited. This...

Russia’s government began to implement its anticrisis plan for 2015 by adopting specifi c documents in the period under review. Despite its pro-market rhetorical statements, the government has so far taken no substantial steps towards economic reforms and enhancing the business environment in...

Outsourcing of labor intensive activities challenges the welfare state and undermines the protection of low-skilled workers. The stylized facts are that profits are concentrated among the high-skilled, involuntary unemployment is mostly among the low-skilled, and private unemployment insurance...

Russia’s tax and fiscal policy during the period under consideration was extremely contradictory. On the one hand, the shortage of budget revenues resulting from the stagnant state of the Russian economy compelled the authorities to make an emphasis on forceful methods in their fight against...

New trends in Russia’s fiscal legislation emerged and developed in the period under review, January thru February 2014. First of all, having adopted the International Financial Reporting Standards (IFRS), Russia is facing the challenge of approximating the existing schemes for the...

In the period under review, in the area of tax initiatives it is worth mentioning the speech of D.A. Medvedev, Chairman of the Government of the Russian Federation at the Gaidar Forum and signing of the General Agreement between the All-Russian Association of Trade-Unions, All-Russian...