One of the most urgent problems facing Russia today is the attainment of stable economic growth. There is every chance that the discussion of the necessary prerequisites for its beginning will take the place of the gradually subsiding debate over the nature and factors of Russian inflation.

A short article devoted to the comparative analysis of different models of economic policy and their consequences for economic growthsup1/sup evoked quite a critical reaction.sup2/sup A respected colleague disagreed with some of the article's theoretical premises, spoke out against a series of...

A previous articlesup1/sup analyzed the contribution of the budget policy that was pursued in 1992-98 to the development of the Russian financial crisis. However, as has already been noted, the budget policy was far from the sole factor that brought the country to financial crisis. Another no...