Russia’s fiscal stimulus and fiscal sustainability-Reference-Cited by-同舟云学术

Russia’s fiscal stimulus and fiscal sustainability

Published:2013-10-20 Issue:10 Volume: Page:90-108
ISSN:0042-8736
Container-title:Voprosy Ekonomiki
language:
Short-container-title:Vopr. èkon.

Author:

Akindinova N.¹,Kondrashov N.¹,Cherniavsky A.¹

Affiliation:

1. Development Center Institute, National Research University Higher School of Economics (Moscow, Russia)

Abstract

This study examines the impact of public expenditure on economic growth in Russia. Fiscal multipliers for various items of government spending are calculated by means of our macroeconomic model of the Russian economy. Resources for fiscal stimulus and optimization are analyzed. In this study we assess Russia’s fiscal sustainability in conditions of various levels of oil prices. We conclude that fiscal stimulus is ineffective in Russia, while fiscal sustainability in conditions of a sharp drop in oil prices is relatively low.

Publisher

NP Voprosy Ekonomiki

Subject

Economics and Econometrics,Finance

Reference4 articles.

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2. Baum A., Poplawski-Ribeiro M., Weber A. (2012). Fiscal Multipliers and the State of the Economy // IMF Working Paper. No 12/286.

3. Blanchard O., Cottarelli C., Spilimbergo A., Symansky S. (2008). Fiscal Policy for the Crisis // IMF Staff Position Note. No SPN/08/01.

4. Schindler M., Spilimbergo A., Symansky S. (2009). Fiscal Multipliers // IMF Staff Position Note. No SPN/09/11.

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