Scenarios and challenges of macroeconomic policy
Report at the XII International Academic Conference on Economic and Social Development, Moscow, 5–7 April, 2011
Akindinova, N. V. Scenarios and challenges of macroeconomic policy [Text] : rep. at XII Intern. acad. conf. on economic and social development, Moscow, 5–7 April, 2011 / N. V. Akindinova, S. V. Aleksashenko, E. G. Yasin; Nat. Res. Univ. Higher School of Economics. — М. : HSE Publ. house, 2011. — 70, [2] p. — 350 copies. — ISBN 978-5- 7598-0891-6 (pbk).
This paper has been prepared with extensive use of materials of the research carried out in 2009 and 2010 in the Institution “Development Center” of the HSE, in which all its members participated. The authors express special thanks to V. Mironov, D. Miroshnichenko, and M. Petronevich.
Contents
Introduction
1. Russia and crisis
1.1. Why the economic downturn in Russia was so deep?
1.2. Composition and focus of the Russian rescue package
1.2.1. Resolution of the banking sector problems
1.2.2. Fiscal stimulus in Russia
1.2.3. Russian rescue compared to other countries
1.2.4. Slow recovery
2. Growth scenarios
2.1. Objective challenges of time
2.2. “Business as usual” scenario
2.3. The Russian leopard’s leap
2.4. How much do idle institutions knock Russia back?
Conclusion
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