The paper contains results of the analysis of personal income tax reform in Russia in 2000, including the influence of the reform on tax base, tax revenues and progressivity of income taxation. On the basis of the theoretical model the authors formulate two main hypotheses, concerning the...

The authors analyze the equalization properties of the present system of resource allocation among budgets of different levels in Russia (allocation of tax revenue and intergovernmental transfers). They consider the actual impact of the following federal fiscal instruments on the regional income...

Intergovernmental transfers are important instruments of fiscal policy in a state with several levels of government. Existing literature in the area of economics of fiscal federalism leaves beyond its scope the analysis of the impact of the system of intergovernmental grants' allocation on the...

This study analyzes potential options for intervention policy, checks certain hypotheses about foreign-trade trends and parameters of exchange-rate and monetary policy, and assesses possibilities for sterilizing money supply growth. It surveys the literature devoted to central bank intervention...

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...