The ongoing revival of Russia's positive economic growth rates in 2017 was anticipated by an overwhelming majority of experts. A certain correction was reasonably expected following the 2015/16 decline in GDP and in investment and a drastic fall of living standards for the first time in 15...

The Gaidar Institute developed a comprehensive methodology for decomposing the growth rate of Russia's GDP into its structural, foreign trade and situational components, which is based on the same decompositin algorithm as applied in the analysis of macroeconomic indicators of the developed...

The digital ruble law, which is coming into force, essentially means the emergence of a new form of money in Russia. This is the Central Bank’s digital ruble, intended for mass use by households and businesses. In this regard, it is important to assess the features, advantages and, at the same...

On the basis of an overview of theoretical and empirical studies on central banks’ independence, the paper assesses the independence of the central banks of the former USSR republics including the RF, as well as those of East European countries. An analysis of the potential existence of a...

Analysis of fundamental factors of the CBR’s exchange rate lay at the basis of this publication. The authors review papers which address problems of index construction of real effective exchange rate as well as models of evaluation of the real equilibrium exchange rate. They also analyze...

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...

In this paper, authors on the basis of foreign materials analyze the role of the oil and gas sector in the Norwegian economy and reveal its contribution to economic and social development of the country. The authors also give consideration to a method for controlling the oil and gas budget...

The main purpose of the present paper is the evaluation of exchange rate pass-through effect in Russian economy. To achieve this objective the following tasks were fulfilled: • a review of theoretical and empirical models of exchange rate pass-through was conducted; • the extent of...

This article presents an analysis of papers on various aspects of exit strategies from the crisis measures of economic policy. In the literature, there is currently a clear separation of all the measures into two components related to monetary and fiscal areas. Following this separation, the...

Nowadays the problems of financial markets' development in emerging economies attract attention of many researchers. In this study we try to analyze the international experience of theoretical and empirical research in the linkage between the level of financial development and economic growth....