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Russian economic policy: Challenges of growth
[journal article]
Abstract The paper discusses the main challenges of Russian economy at the turning period from contraction to growth. The analysis is based on comparison of global economic trends and special features of Russian performance. Among global problems, it concentrates on prospects of "non-inflation growth", persp... view more
The paper discusses the main challenges of Russian economy at the turning period from contraction to growth. The analysis is based on comparison of global economic trends and special features of Russian performance. Among global problems, it concentrates on prospects of "non-inflation growth", perspectives of global currencies and the role of crypto-currencies, central banks independence and their role in economic growth stimulation, new tasks and patterns of government regulation, inequality and growth. In the Russian case, the key topics are prospects of macroeconomic stimulation of growth, inflation targeting, new fiscal rule, social dynamics and new challenges to welfare state. The paper concludes that the main obstacles for economic growth in Russia are concentrated in the non-economic area.... view less
Keywords
Russia; economic policy
Classification
Economic Policy
Free Keywords
structural crisis; social state; new model of growth
Document language
English
Publication Year
2018
Page/Pages
p. 87-107
Journal
Russian Journal of Economics, 4 (2018) 2
ISSN
2618-7213
Status
Published Version; reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0