Russia’s Economic Policy in 2010: Quest for Innovations

Vladimir Mau

Working Papers from Gaidar Institute for Economic Policy

Abstract: The austerity vs stimulus discussion among economists and politicians is gaining momentum. Not surprisingly, both parties are actively appealing to the memory of John Maynard Keynes who, indeed, put forth the idea of economic stimulus but never recommended that it be used on a scale as massive as that in the 1970s, when Richard Nixon declared himself a ‘Keynesian’ and pursued state intervention policies under the guise of Keynesianism.

Keywords: 2008 global econoic crisis; economic modernization; Russian economy; structural modernization; rent-based economy (search for similar items in EconPapers)
JEL-codes: P21 P31 P41 (search for similar items in EconPapers)
Pages: 8040 words
Date: 2011, Revised 2012
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https://www.iep.ru/files/RePEc/gai/wpaper/0033Mau.pdf Revised version, 2012 (application/pdf)

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