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The model of the Russian economy that was formed in the 2000s does not match a new stable growth path, though it helped to calmly overcome the crisis of 2008 and 2009. The state needs to provide stability in the fields under its direct control, i.e. the budgetary and monetary policies. In the...
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credibility, and that a positive inflation target, as opposed to zero inflation, leads to higher and less volatile output. These …
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credibility, and that a positive inflation target, as opposed to zero inflation, leads to higher and less volatile output. These …
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