Some Issues of Monetary and Exchange Rate Policy in Russia in 2000—2006 and in the Short-term Outlook

The paper analyzes the problems of macroeconomic policy in Russia in 2000–2006. The authors estimate the trends of realization of monetary, credit, currency and budgetary policy under favorable and unfavorable external economic conditions. Different variants of government and central bank reaction to the oil prices conservation or decline are considered. Different scenarios of macroeconomic policy realization in 2007–2011 are modeled. The results of the computation are presented.