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A Golden Rule for Russia? How a Rule-Based Fiscal Policy Can Allow a Smooth Adjustment to the New Terms of Trade
Gianella, Christian - 2007
The Russian economy continues to grow strongly, buoyed by rising terms of trade, which, in turn, are supporting a boom in domestic consumption. This paper addresses the challenge that the adjustment to sustained high oil prices poses for macroeconomic management. It first examines the impact of...
Persistent link: https://www.econbiz.de/10012445915
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Accounting for Russia's post-crisis growth
Ahrend, Rudiger - 2004
Persistent link: https://www.econbiz.de/10013427056
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Structural budget balances in oil-rich countries : the cases of Azerbaijan, Kazakhstan, and Russia
Ahmadov, Vugar; Sarkarli, Ulvi; Rahmanov, Ramiz - 2018
This study aims to analyse the discretionary fiscal policy of Azerbaijan, Kazakhstan, and Russia for the period 2003 … defines the discretionary fiscal position and the aggregate demand effect of fiscal policy. The SBBs in Azerbaijan and Russia … demonstrate that fiscal policies tend to be mainly procyclical in Kazakhstan and Russia. Azerbaijan conducted a counter …
Persistent link: https://www.econbiz.de/10011927258
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Evaluating monetary policy options for managing resource revenue shocks when fiscal policy is laissez-faire : application to Nigeria
Chuku, Chuku Agbai - 2016
This study considers the implications of alternative monetary policy regimes to deal with a laissez-faire fiscal policy rule, where the government completely spends resource revenue windfall contemporaneously. A three sector dynamic stochastic general equilibrium model, which features key...
Persistent link: https://www.econbiz.de/10011456170
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Structural budget balances in oil-rich countries: the cases of Azerbaijan, Kazakhstan, and Russia
Ahmadov, Vugar; Sarkarl, Ulvi; Rahmanov, Ramiz - 2017
Persistent link: https://www.econbiz.de/10012022943
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Russia's Great Recession : Lessons for Resource-Rich Countries
Bogetic, Zeljko - 2013
The passage of Russia's “Great Recession” provides an opportunity for academics and policy makers to reflect on policy … makers in Russia and other resource-rich countries meet these challenges in the future. These tentative lessons are only …
Persistent link: https://www.econbiz.de/10013074061
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Institutions and macroeconomic policies in resource-rich Arab economies
Mohaddes, Kamiar (ed.); Nugent, Jeffrey B. (ed.);  … - 2019 - First edition
Persistent link: https://www.econbiz.de/10012027448
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The macroeconomics of medium-term aid scaling-up scenarios
Berg, Andrew; Gottschalk, Jan; Portillo, Rafael; Zanna, … - 2010
Persistent link: https://www.econbiz.de/10008666067
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Aid and the fiscal and monetary responses to Dutch disease
Roe, Alan - 2011
This study assesses the fiscal and monetary management challenges that can be associated with large inflows of foreign aid. It provides a brief overview of the literature on Dutch Disease (DD) as applied to mineral wealth and then assesses the conventional policy responses that are available to...
Persistent link: https://www.econbiz.de/10009408860
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The Macroeconomics of Medium-Term Aid Scaling-Up Scenarios
Portillo, Rafael - 2010
We develop a model to analyze the macroeconomic effects of a scaling-up of aid and assess the implications of different policy responses. The model features key structural characteristics of low-income countries, including varying degrees of public investment efficiency and a learning-by-doing...
Persistent link: https://www.econbiz.de/10014402924