corruption in Russia by further improving fiscal transparency. The analysis presented here is in the context of the 2018 …

estimates suggest that the state represented about one third of Russia's value added (VA) in 2016, smaller than in the …

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 …

This Selected Issues paper for the Russian Federation reviews trends in private capital flows to Russia by decomposing … the flows into its subcomponents. Russia became a net lender to the international banking system, as a complement to the … prolonged period of large current account surpluses. The nonbank corporate sector in Russia began to have better access to both …

-looking, thereby reducing persistence. The exchange rate is the Central Bank of Russia’s (CBR) main policy instrument for controlling … structural shocks. Inflation in Russia has been characterized by a considerable degree of persistence. An explicit inflation …

This Selected Issues paper analyzes the entrenched inflation in Russia. It presents a possible explanation for the …. The paper focuses on measuring the performance of fiscal policy in Russia. It examines capital structures and … vulnerabilities for the corporate sector in Russia. Recent developments and remaining challenges for the Russian banking sector are …