Consequences of lower oil prices and stranded assets for Russia's sustainable fiscal stance
Despite substantial oil and gas revenue Russia's fiscal stance is unsustainable. Under our benchmark assumptions the permanent-income rule requires a permanent tightening of the fiscal stance by 4.6%-points of GDP. Delaying it by a decade implies that the fiscal stance needs to be tightened by...
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| Format: | Journal article |
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Elsevier
2017
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