Russian Federation : Selected Issues

1RUSEA2006002 Image
Price:  $15.00

Release Date: © December, 2006
ISBN : 978-1-45197-530-7
Stock #: 1RUSEA2006002
Stock Status: On back-order

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Description

Russia’s large oil and gas reserves play a key role in its economic development. As with many other large oil exporters, Russia’s energy wealth is also posing numerous challenges to macroeconomic management. Although fiscal policy has saved a large part of the oil windfall in the Oil Stabilization Fund (OSF), this has not been guided by a consistent long-term framework. The framework is illustrated with numerical simulations of different fiscal spending rules that are consistent with sustainable paths of consumption out of oil and gas wealth over time.

Taxonomy

Balance of trade , Banks and banking , Economic development , Economic policy , Exports , Financial institutions and markets , Fiscal policy , Immigration , Imports , International trade , Investment , Labor market , Loans




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