The sustainability of Russian fiscal policy
Korhonen, Iikka (23.01.1998)
Numero
1/1998Julkaisija
Suomen PankkiBank of Finland
1998
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-201408113145Tiivistelmä
This paper briefly examines the sustainability of the Russian fiscal policy.Russia has run quite large general government deficits during the transition years.Some simple simulations show that the present policies are not sustainable in the medium-term, unless economic growth accelerates significantly and real interest rate declines.If these positive developments do not materialize, Russia must tighten her fiscal policy. Keywords: Fiscal policy, public debt, Russia
Julkaisuhuomautus
Uudelleenjulkaistu pdf-muodossa 2002 (Idäntalouksien yksikön sarja)Reprint in PDF format 2002 (Unit for Eastern European Economies series)