The divergence between production and consumption indicators in Russia suggests that the magnitude of the output collapse in the course of the transition is overstated by the official statistics. Alternative estimates for real GDP are derived, which reconcile the official production and...

The government and the public of our country are currently becoming increasingly aware of the acuteness of Russia's foreign debt problem. The threat of a default on foreign obligations in 1999 has long been discussed in the press, including on the topic of how realistic the budget is. The...