The key factor in the strengthening of the real exchange rate of the ruble in the 2000s was the transformation based growth of Russia’s economy (the Balassa–Samuelson eff ect) coupled with the improving foreign trade conditions. As can be concluded on the basis of data for Q4 2014, for the...

This paper deals with Russia's monetary policy in 2013

The goal of this work is to conduct a comprehensive analysis of the role of Bank of Russia in the formation of money supply, taking into account internal and external factors that determine the development of the economy. First, we examined base theoretical and empirical models of money supply...

The aim of this work is to conduct a comprehensive analysis of the influence of factors on the dynamics of the real exchange rate. Firstly, the basic theoretical and empirical models of the real exchange rate are studied, key factors of its short- and long-term changes are identified, including...

This paper investigates the possible economic effects of Russia-EU free trade agreement, implying a mutual zero import tariffs in the trade of the Customs Union and the EU. Analysis of the effects is made using CGE Globe v1 model. We estimate the impact of an FTA on the economies, both at the...

Part of the methodical approaches to the selection and justification priorities and the optimal level of public expenditure in the Russian Federation on the basis of an empirical relationship between the amount of budget financed and effectiveness of their use.

The article addresses the issue of fiscal policy risks in countries with an abundance of natural resources, including Russia. It is demonstrated which consequences Russia’s federal budget may be faced with as a result of declining oil prices. In the context of phenomena typical of...

Research is devoted to the analysis of the import demand function in Russia. On the basis of the proposed methodology, the econometric model for the full range of imported goods in the last decade (2000–2010) is estimated. Product groups are ranked by the impact of customs duties and the real...

Recently there have been intensively developing integration processes in the CIS area and one of the possible and reasonable scenarios of their future development seems to be the establishment of a monetary union by some CIS countries. This research attempts a theoretical study of the CIS...

This paper estimates the influence of the service sector’s liberalization on service flows in transition economies and on productivity of the Russian industry that uses these services as intermediate consumption. Empirical analysis of the international statistics shows that service trade...