Russian Federation: Selected Issues

International Monetary Fund

No 2012/218, IMF Staff Country Reports from International Monetary Fund

Abstract: The Selected Issues paper on the Russian Federation discusses the economic growth and future growth potential of the country. After almost a decade of impressive growth performance, Russia suffered a sharp contraction in 2009 with GDP falling by 8 percent. This paper gives an overview of the conceptual issues regarding potential growth and the analytical framework based on an exogenous growth model; growth accounting results for Russia in the past decade; and importance of structural reforms to achieve sustained high growth.

Keywords: ISCR; CR; GDP; exchange rate; Russia; central bank; oil price; capital utilization; GDP growth; oil price volatility; nonoil deficit target; medium term; Oil prices; Total factor productivity; Open market operations; Central bank policy rate; Standing facilities; Global; Africa (search for similar items in EconPapers)
Pages: 58
Date: 2012-08-03
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Citations: View citations in EconPapers (5)

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