scholarly journals CONTROL OF INFLATIONARY DEVELOPMENT IN RUSSIA

2018 ◽  
pp. 67-77
Author(s):  
Elena Igorevna Kozyrenko ◽  
Ariadna Alexandrovna Starokozeva ◽  
Elena Vladimirovna Efimova
Keyword(s):  
Exchange Rate Policy ◽  
Inflation Expectations ◽  
Tax Rates ◽  
Market Demand ◽  
Russian Economy ◽  
Adaptive Policy ◽  
Rate Policy ◽  
The Russian Federation ◽  
The Government ◽  
The Moment

Managing inflation is a major problem for monetary and economic policy, as it is difficult to simultaneously combat inflation and to develop a permanent mechanism of its control. At the moment Russia is in crisis, because foreign means of payment replace the national currency, which leads to the deterioration of the national economy. Each state strives for stable and low inflation. Anti-inflation regulation uses deflationary policy, income policy and exchange rate policy as the advanced methods. A state may apply the adaptive policy, when the population adapts to the increased prices and the government reduces tax rates and payments. The analysis of inflation processes and inflation expectations showed that in Russia the primary devaluation effect (2014-2015) was weakened by 2016 due to the drop of market demand andgradually exhausted. Consequently, the Russian economy in 2016 reached the historic lows and amounted to 5.4% - the lowest level over a quarter of a century. According to the conducted research, it can be inferred that the development of economy of the Russian Federation develops under a conservative scenario. In terms of this scenario, during the period from 2018 to 2023 inflation will be slightly higher than in the innovation scenario and will make on average 4.8%. In the future, much will depend on the scenario of the development of the global economic crisis. There are possible various inflationary excesses, but their nature will be very limited in time and scope and won’t become a serious problem for the population and economy of the country.

A Russian approach to ensuring economic growth

2021 ◽  
Vol 20 (7) ◽  
pp. 1234-1255
Author(s):  
Valerii V. SMIRNOV
Keyword(s):  
Economic Growth ◽  
Russian Federation ◽  
Systems Approach ◽  
Consumption Expenditures ◽  
Goods And Services ◽  
Russian Economy ◽  
Public Consumption ◽  
The Russian Federation ◽  
The Government ◽  
And Cluster Analysis

Subject. The article investigates a Russian approach to ensuring economic growth. Objectives. The aim is to identify the basis of the Russian approach to ensuring economic growth. Methods. The study rests on the systems approach, using the methods of statistical, neural network, and cluster analysis. Results. The paper defines the structural importance of exports of goods and services, and changes in inventories. It highlights significant links with public consumption expenditures. The Russian approach to ensuring economic growth comes down to devaluation of the national currencyб resulting from the loss of the real inflationary potential of economic growth to maintain the volume of exports of goods and services in the context of maintaining public consumption expenditures. The increase in M2 forces the Central Bank of the Russian Federation to increase its foreign exchange reserves. This has a restraining effect on the growth of Russian Ruble’s monetary exchange rate. This phenomenon causes a drop in the Russian federal loan bond (OFZ) index and a replacement of strategic priorities with tactical ones. Conclusions. The basis of the Russian approach to ensuring economic growth is a reflection of the limits of the Russian economy development and the effectiveness of the Government of the Russian Federation.

LEGAL MECHANISMS FOR STIMULATING THE DEVELOPMENT OF THE OIL AND GAS SECTOR OF THE RUSSIAN ECONOMY

2021 ◽  
Author(s):  
Viacheslav Olegovich Mosalygin ◽  
Keyword(s):  
Natural Gas ◽  
Russian Federation ◽  
Oil And Gas ◽  
Significant Part ◽  
Tax Revenues ◽  
Russian Economy ◽  
Oil And Natural Gas ◽  
The Russian Federation ◽  
The Government ◽  
Oil And Gas Sector

For more than 15 years, a significant part of the budget revenues of the Russian Federation have been tax revenues from the sale of hydrocarbons, in particular oil and natural gas. Despite the desire of our government to minimize its dependence on oil and gas revenues, the government continues to implement measures to encourage both small and large companies by providing some tax-related benefits, thereby encouraging the fields to further develop and expand.

Trade Union Orientation and Macro-Economic Management

2003 ◽  
Vol 06 (03) ◽  
pp. 381-403 ◽  
Author(s):  
Rosalind Chew ◽  
Soon Beng Chew
Keyword(s):  
Labor Movement ◽  
Full Employment ◽  
Industrial Relations ◽  
Free Rider ◽  
Exchange Rate Policy ◽  
Economic Management ◽  
Strategic Partner ◽  
Free Rider Problem ◽  
Rate Policy ◽  
The Government

This paper makes the distinction between micro-focused unions and macro-focused unions, with the latter emphasizing full employment and competitiveness for the economy. It examines the micro-foundation of the macro-focused labor movement, which calls for certain conditions or arrangements conducive to, and the instruments needed for, the establishment and survival of macro-focused unions. The consequences and outcomes in an industrial relations regime in which macro-focused unions prevail are also examined, and measures for countering the free rider problem suggested. The main conclusion is that a macro-focused labor movement is a strategic partner with the government in enhancing international competitiveness, an option which is superior to an exchange rate policy.

Producing dynamic growth is the task ahead

1996 ◽  
Vol 5 (1) ◽  
Author(s):  
Jeffrey Sachs
Keyword(s):  
Exchange Rate ◽  
Western Europe ◽  
Market Access ◽  
Pension Reform ◽  
Exchange Rate Policy ◽  
Economic Policies ◽  
Flexible Labor ◽  
Rate Policy ◽  
The Government ◽  
Export Industries

The first stage of transition in the Czech Republic is over. This country has a market economy and it is working. The second stage of transformation is the rapid catch-up with Western Europe. The main steps may be following: The first involves macro-economic policies, especially exchange rate policy. Exchange rate policy should be managed consistently to protect the competitiveness of export industries. The second item is tax policy. The government spending should be compatible with the level of development and the level of income - it should be in the order of 25 - 30 %. Pension reform. Flexible labor markets. Market access. Infrastructure. Transport, communications.

scholarly journals On Prospects of Exercising of the Constitutional Power of the Government of the Russian Federation to Create the Conditions for the Development of a System of Environmental Education and Environmental Culture Fostering

2021 ◽  
Vol 1 ◽  
pp. 23-27
Author(s):  
Valeriy N. Vlasenko ◽  
Keyword(s):  
Environmental Education ◽  
Russian Federation ◽  
Legal Regulation ◽  
World Community ◽  
Education Community ◽  
Environmentally Safe ◽  
The Russian Federation ◽  
The Government ◽  
Ecological Culture ◽  
The Moment

The article states that at the moment in Russia the legal regulation of relations on the formation of environmental education and the upbringing of environmental culture is declarative, fragmented, not ensuring the creation of a system of continuous, systematic and purposeful formation of a respectful attitude to natural resources. The author discusses the prospects for the implementation of the constitutional authority of the Government of the Russian Federation to create conditions for the development of the system of environmental education and the upbringing of environmental culture. This power, along with others, was introduced into the Constitution of the Russian Federation by the Law of the Russian Federation on an amendment to the Constitution of the Russian Federation of March 14, 2020 N 1-FKZ. In the conclusion of the article, it is argued that in order for this power to be implemented, “to move away from declarativeness” and to lead to a qualitative increase in the level of ecological culture of the population, the Government of the Russian Federation needs to develop with the obligatory involvement of the scientific and environmental education community and adopt the concept of environmental education, which assumes continuous, systematic and purposeful formation of a respectful attitude towards nature, and, on its basis, to propose a system of legal, financial and organizational and technical forms that provide executive and administrative activities not only to create conditions for the development of environmental education and the upbringing of environmental culture, but also their real implementation for the purpose of environmentally safe sustainable development of Russia and the entire world community.

Floating exchange rate of the russian ruble: myth or reality?

2014 ◽  
pp. 50-67
Author(s):  
A. Kiyutsevskaya
Keyword(s):  
Exchange Rate ◽  
Flexible Exchange Rate ◽  
Exchange Rate Policy ◽  
Economic Conditions ◽  
Economic Agents ◽  
Currency Market ◽  
Russian Economy ◽  
Floating Exchange Rate ◽  
Rate Policy ◽  
Major Transformation

Active globalization of the Russian economy has required more flexible exchange rate policy. By 2015, the Bank of Russia plans to finish transition to the floating exchange rate. Though the regulator has been aspiring to achieve this goal since 2007, the exchange rate policy’s mechanism has been changed only after sharp deterioration of external economic conditions in 2008—2009. Expanding bounds of a currency corridor and reducing volumes of carried out interventions, the Bank of Russia continues to weaken the influence on internal currency market, limited to leveling the speculative expectations of economic agents. Stages and reached results of this major transformation of exchange rate policy are investigated in the article.

The Upshot of Money Supply and Inflation in Nigeria

2017 ◽  
Vol 8 (2) ◽  
pp. 75-90
Author(s):  
Amassoma Ditimi ◽  
Keji Sunday ◽  
Onyedikachi O. Emma-Ebere
Keyword(s):  
Money Supply ◽  
Time Series Data ◽  
Dynamic Error ◽  
Exchange Rate Policy ◽  
Series Data ◽  
Infrastructure Development ◽  
State Of The Economy ◽  
Short Run ◽  
Rate Policy ◽  
The Government

Abstract This study empirically investigates the upshot of money supply on inflation in Nigeria using annual time series data spanning from 1970 to 2016. Co-integration and Autoregressive Dynamic Error Correction Model (ADLECM) approach was utilized. The results showed that money supply does not considerably influence inflation both in the long and short run possibly because the country is in recession. The ECM has the correct sign of negative and it is significant meaning that about 21% of the errors are corrected yearly. The Granger causality outcome demonstrates that, there is no causality between money supply and inflation in Nigeria within the study period and vice-versa. The implication of this is often that there are different economic conditions which are key determinant of inflation in Nigeria. The study recommends that the government should diversify the economy, minimize importation by encouraging local production of products and services. The CBN should guarantee an exchange rate policy that is essentially determined by the state of the economy and not by speculators being a net importation economy. Also, the CBN should look inwards into the current interest rate and see how it can be regulated in such a way that will encourage private and foreign investors to be able to invest in the country. This in turn, successively increases income, infrastructure development and economic growth at large.

scholarly journals Project and Program Management Under Conditions of Strategic Planning Modernization

2020 ◽  
pp. 56-63
Author(s):  
Natalya Pazdnikova ◽  
Ilya Pazdnikov
Keyword(s):  
Strategic Planning ◽  
Strategic Change ◽  
Management Practice ◽  
Program Management ◽  
Clear Understanding ◽  
Russian Economy ◽  
The Russian Federation ◽  
The Government

The modernization of strategic planning in the Russian economy is caused by the existing situation and problems of public administration in the conditions of the formation and implementation of projects initiated by the government. The main purpose of this article is to demonstrate the need to deal with the issues connected with the emergence of a huge diversity of projects that will provide a clear understanding of the role of strategic mechanisms applied in the territories of the Russian Federation. For the solution of this goal, originally, the genesis of the formation of the national project and program management has been carried out. The contribution of the Soviet school to the development of the state project development as well as studies of the modern stage of strategic planning has been analyzed. The authors suggest a hypothesis that project and program management is a key component of the government policy. The effectiveness of project management can be studied by means of the methods of strategic management. The authors conduct the research on the basis of comparative analysis, normative and expert methods which allow estimating the characteristics of projects and programs on the basis of the portfolio ideology. In addition, the approach to the formation of the economic mechanism of the portfolio to the partnership of project participants and program management on the basis of the interaction of system elements have been proposed. The obtained results of the study of foreign and domestic experience allow us to suggest a classification of social projects and programs within the portfolio partnership of participants and to analyze the current statistics. The results of the study show an increase of quantitative and qualitative components of project and program management practice of strategic changes. The main results prove that over time the strategic change in project activity, contradictions are observed and inconsistencies in state requirements and practices are found that need effective decisions.

REGIONAL IDENTITY IN THE STUDENTS' CONSCIOUSNESS IN SIBERIAN FEDERAL DISTRICT

2021 ◽  
Vol 66 (1) ◽  
pp. 90-100
Author(s):  
DMITRY A. KAZANTSEV ◽  
◽  
DMITRY A. KACHUSOV ◽  
Keyword(s):  
Regional Identity ◽  
Federal District ◽  
Russian Regions ◽  
Local Identity ◽  
Siberian Federal District ◽  
Different Types ◽  
The Russian Federation ◽  
The Government ◽  
The Moment ◽  
Senior Students

At the moment, the question of correlation between national and regional identification and their impact on the Russians' consciousness stays acute. The peculiarities of historical development, the aspects of the government policy in Russia and global crisis of identity do influence the process of selfidentification among the Russian citizens, sometimes at the expense of the regional level. Nonetheless, regional identity is still an important piece of social-cultural puzzle of the Russian regions, both national and administrative-territorial. The indications of regional identity, at least partial, or as one of the few identities, can be found among senior students. To find the markers demonstrating that, the mass polling of the students was performed in schools of the Siberian Federal district. The results of this research allows us to detect different types and nature of national, regional, local identity among students from different subjects of the Russian Federation, as well as to define the local specifics in question of social-political selfidentification.

The Iranian Foreign Exchange Policy And The Black Market for Dollars

1992 ◽  
Vol 24 (1) ◽  
pp. 101-125 ◽  
Author(s):  
M. Hashem Pesaran
Keyword(s):  
Exchange Rate ◽  
Foreign Exchange ◽  
Foreign Debt ◽  
Black Market ◽  
Exchange Rate Policy ◽  
Official Exchange Rate ◽  
The Face ◽  
Rate Policy ◽  
The Government ◽  
Oil Revenues

As a result of the oil price shocks, the 1979 revolution, and the eight-year war with Iraq, fundamental changes have taken place in Iran's foreign exchange position as well as in its exchange rate policy. The viable data over the period 1979–1980 to 1988–1989 clearly show that, despite the revolutionary rhetoric, very little has been done to reduce the country's dependence on oil exports as a source of foreign exchange and government revenues. Instead, in the face of falling oil revenues and the country's increasing international isolation, coupled with the regime's unwillingness to incur foreign debt, the government has adopted a severe ‘import compression’ policy through selective tariffs and quotas, strict control of private and government imports by means of import licenses, and the imposition of foreign exchange allocations on government agencies. The result has been an ever-rising premium on the U.S. dollar in the ‘black’ market, a highly overvalued official exchange rate, a substantial increase in rent-seeking activities at the expense of production, a severe misallocation of resources, and loss of output and industrial capacity.

Sign in / Sign up

Export Citation Format

Share Document