Russian economic policy: Challenges of growth

Vladimir Mau

Russian Journal of Economics, 2018, vol. 4, issue 2, 87-107

Abstract: The paper discusses the main challenges of Russian economy at the turning period from contraction to growth. The analysis is based on comparison of global economic trends and special features of Russian performance. Among global problems, it concentrates on prospects of “non-inflation growth”, perspectives of global currencies and the role of cryptocurrencies, central banks independence and their role in economic growth stimulation, new tasks and patterns of government regulation, inequality and growth. In the Russian case, the key topics are prospects of macroeconomic stimulation of growth, inflation targeting, new fiscal rule, social dynamics and new challenges to welfare state. The paper concludes that the main obstacles for economic growth in Russia are concentrated in the non-economic area.

Keywords: economic policy; structural crisis; social state; new model of growth; Russia (search for similar items in EconPapers)
JEL-codes: E02 E50 E60 O11 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:arh:jrujec:v:4:y:2018:i:2:p:87-107

DOI: 10.3897/j.ruje.4.27743

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