Strengthening Russia's Fiscal Framework
Strengthening Russia's Fiscal Framework

Author: Ms.Charleen Gust

Publisher: International Monetary Fund

Published: 2012-03-01

Total Pages: 60

ISBN-13: 1475568037

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Though many aspects of Russia's fiscal policy framework are close to best practice on paper, actual practice in recent years has been moving away from best practice. In particular, the continued focus on the overall rather than the nonoil balance, and the regular use of supplemental budgets to spend windfall oil revenues contribute to procylicality of fiscal policy, risking costly boom-bust cycles. Against this background, this paper suggests several improvements to the framework for fiscal policy.

Russian Federation
Russian Federation

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2011-09-27

Total Pages: 90

ISBN-13: 1463904843

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This note focuses on Russia's monetary policy, which is moving toward low and stable inflation. This paper discusses two analytical measures to analyze the monetary policy—core inflation measure and a group of leading indicators model (LIM). The trimmed mean core inflation is a good indicator for analyzing trend inflation and can be used as a viable target for monetary policy. LIMs are widely used for inflation forecasting and are also useful in detecting turning points in inflation.

Improving Fiscal Transparency to Raise Government Efficiency and Reduce Corruption Vulnerabilities in Central, Eastern, and Southeastern Europe
Improving Fiscal Transparency to Raise Government Efficiency and Reduce Corruption Vulnerabilities in Central, Eastern, and Southeastern Europe

Author: Mr.Bernardin Akitoby

Publisher: International Monetary Fund

Published: 2020-05-11

Total Pages: 66

ISBN-13: 1513532839

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This departmental paper investigates how countries in Central, Eastern, and Southeastern Europe (CESEE) can improve fiscal transparency, thereby raising government efficiency and reducing corruption vulnerabilities.

Russian Federation
Russian Federation

Author: International Monetary Fund. European Dept.

Publisher: International Monetary Fund

Published: 2015-08-03

Total Pages: 45

ISBN-13: 1513594885

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This Selected Issues paper analyzes Russia’s fiscal framework and the oil-price shock. Russia has relied heavily on its abundant natural resource wealth to finance fiscal deficits since the global financial crisis in 2008–09. The pace of adjustment of the oil-price benchmark could be increased by including future prices in its calculation. Although converting oil revenues using a backward-looking average of the exchange rate could also lead to a more rapid fiscal adjustment, it also implies additional technical and communication challenges. In addition, the fiscal anchor could be more ambitious to safeguard intergenerational equity. Expressing the fiscal rule in terms of a minimum “structural" balance could promote greater savings.

Better Policies Russia: Modernising the economy
Better Policies Russia: Modernising the economy

Author: OECD

Publisher: OECD Publishing

Published: 2013-04-15

Total Pages: 47

ISBN-13: 9264207996

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Drawing on the OECD’s expertise in comparing country experiences and identifying best practices, this book tailors the OECD’s policy advice to the specific and timely priorities of Russia, focusing on how its government can make reform happen.

Russian Foreign Policy
Russian Foreign Policy

Author: Jeffrey Mankoff

Publisher: Rowman & Littlefield

Published: 2011

Total Pages: 358

ISBN-13: 1442208244

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Introduction: the guns of August -- Contours of Russian foreign policy -- Bulldogs fighting under the rug: the making of Russian foreign policy -- Resetting expectations: Russia and the United States -- Europe: between integration and confrontation -- Rising China and Russia's Asian vector -- Playing with home field advantage? Russia and its post-Soviet neighbors -- Conclusion: dealing with Russia's foreign policy reawakening.

Russia Rebounds
Russia Rebounds

Author: Mr.David Edwin Wynn Owen

Publisher: International Monetary Fund

Published: 2003-09-09

Total Pages: 196

ISBN-13: 9781589062078

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Russia Rebounds analyzes Russia’s dramatic economic recovery since the country’s 1998 financial crisis, emphasizing macroeconomic issues and fiscal and banking sector reforms. The crisis was a massive shock to the system and a considerable surprise to both Russians and foreign investors, who a year before had come to think that the worst of the transition from a centrally planned to a market economy was over. Macroeconomic performance since the crisis has been impressive. The book assesses the contribution of various factors underlying this recovery and highlights key policy challenges to ensure its sustainability.

OECD Economic Surveys: Russian Federation 2011
OECD Economic Surveys: Russian Federation 2011

Author: OECD

Publisher: OECD Publishing

Published: 2011-12-12

Total Pages: 156

ISBN-13: 9264117423

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OECD's 2011 Economic Survey of the Russian Federation examines recent economic developments, policies and prospects; the business climate, the fiscal framework, monetary policy, and energy efficiency.

Russian Federation: Staff Report for the 2011 Article IV Consultation
Russian Federation: Staff Report for the 2011 Article IV Consultation

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2011-09-27

Total Pages: 69

ISBN-13: 1463904851

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The reports highlights that, even though the Russian economy has started reviving from the crisis, growth has been moderate and inflation high. Executive Directors have advised that the focus should be on reducing fiscal vulnerabilities, lowering inflation, promoting a stronger and more competitive banking system, and creating a favorable environment for investment and economic diversification. Directors encouraged the authorities to undertake growth-friendly, credible, and ambitious fiscal consolidation. They have supported the Financial Sector Assessment Program (FSAP) recommendations to strengthen financial sector policies.

World Economic Outlook, October 2012
World Economic Outlook, October 2012

Author: International Monetary Fund. Research Dept.

Publisher: International Monetary Fund

Published: 2012-10-08

Total Pages: 251

ISBN-13: 147556290X

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The October 2012 World Economic Outlook (WEO) assesses the prospects for the global recovery in light of such risks as the ongoing euro area crisis and the "fiscal cliff" facing U.S. policymakers. Reducing the risks to the medium-term outlook implies reducing public debt in the major advanced economies, and Chapter 3 explores 100 years of history of dealing with public debt overhangs. In emerging market and developing economies, activity has been slowed by policy tightening in response to capacity constraints, weaker demand from advanced economies, and country-specific factors, but policy improvements have raised these economies' resilience to shocks, an issue explored in depth in Chapter 4.