Social Sciences
7 years ago

Russian fiscal and monetary policies face challenges hindering economic stability.

Palgrave Macmillan UK eBooks
Fiscal and Monetary Policy
Sergey Drobyshevsky, Georgiy Idrisov, Sergey Sinelnikov-Murylev, Павел Трунин

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The article discusses how Russia has made significant progress in its fiscal and monetary policies over the past 25 years. It explains how Russia has modernized its tax system, managed oil revenues, and given independence to its central bank. However, a key challenge remains in the lack of coordination between fiscal and monetary policies, leading to economic instability and crises.