This paper deals with 2008-2009 crisis which marked a new stage of Russia’s budgetary policy. Although the budget situation in Russia is presently much better than in the majority of the developed countries, reservation of high dependence on oil proceeds, observed trends in in the structure of...

Russian Abstract: В работе представлены методика и основные результаты типологизации регионов России. При применении кластерного анализа были выявлены четыре основных...

In 2018, the growth rate of GDP in Russia (2.3 percent) represents a record high of per annum economic growth rate since 2012. This year-end result is notably above the estimates offered by a majority of international financial organizations (the IMF, World Bank, the OECD), as well as by Russian...

In 2000 and 2001 Russia faced a puzzle: high world oil prices, while ensuring GDP growth and strong fiscal balance, generated serious problems for domestic monetary and exchange rate policies. The Central Bank was forced to buy excess foreign exchange supply on the market, thereby paving the way...

The digital ruble law, which is coming into force, essentially means the emergence of a new form of money in Russia. This is the Central Bank’s digital ruble, intended for mass use by households and businesses. In this regard, it is important to assess the features, advantages and, at the same...

The first assessments of the effects of the coronavirus epidemic suggest that the extent of global recession may exceed economic losses brought about by the global 2008–2009 crisis. However, it is not yet clear for how long a sharp slowdown of the global economic activity is going to last and...

The Gaidar Institute has developed a method of decomposing Russia's GDP growth rates into the structural, foreign trade, and market-based components based on the decomposition algorithm decomposing macroeconomic indicators of developed countries (OECD). The algorithm has been refi ned to take...

Russian Abstract: В 2020 г. в России наблюдался значительный рост доли наличных денег в обращении. Основными источниками этого дополнительного объема наличных стали...

We use to consider Russia as a commodity state whose welfare was mainly based on extraction and export of hydrocarbons. Well, Russia has one of the biggest oil and natural gas endowments, virtually dominates at the European crude oil and natural gas markets and actively builds up export of oil...

This paper describes a dynamic stochastic general equilibrium (DSGE) model for the Russian economy. It takes into account a high dependence of the national economy on the oil export. The model consists of three production sectors: tradable and non-tradable sectors and oil extraction sector. Oil...