Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128248
Authors: 
Drobyshevsky, Sergey
Sinelnikov-Murylev, Sergey
Year of Publication: 
2013
Series/Report no.: 
CASE Network Studies & Analyses 450
Abstract: 
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 budgetary policy we consider the advantages and drawbacks of a "New Budget Rule", which is based on the long-term average price of oil. In the monetary sphere, we vote for a policy of transition to inflation targeting and prioritizing low inflation against the other goals of the monetary authorities.
Subjects: 
macroeconomic stability
budget rule
commodity revenues management
inflation targeting
JEL: 
E52
E62
H62
Q43
ISBN: 
978-83-7178-577-1
Document Type: 
Research Report

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