The Russian stabilization fund and its successor: Implications for inflation

Eurasian Geography and Economics

Volumn 48, Issue 6, 2007, Pages 699-712

  Tabata, Shinichiro ^a  

^a HOKKAIDO UNIVERSITY   (Japan)

Author keywords

Dutch disease; Federal budget; Fiscal policy; Inflation; Natural monopolies; Non oil gas balance; Oil and gas revenues; Russia; Stabilization Fund

Indexed keywords

FINANCIAL SYSTEM; FISCAL POLICY; GAS INDUSTRY; INFLATION; MONOPOLY; OIL INDUSTRY; PRICE DYNAMICS; STABILIZATION;

EURASIA; RUSSIAN FEDERATION;

EID: 42649120727     PISSN: 15387216     EISSN: None     Source Type: Journal    
DOI: 10.2747/1539-7216.48.6.699     Document Type: Article

References (25)

1. Åslund, Anders, "Russia's Accession to the World Trade Organization," Eurasian Geography and Economics, 48, 3:289-305, 2007.
2. Gurvich, Yevsey, "A Few Unstable Assumptions," The Moscow Times, August 3, 2006, 8.
3. Hanson, Philip, "The Russian Economic Puzzle: Going Forwards, Backwards or Sideways?," International Affairs, 83, 5:869-889, 2007.
4. IFS (International Financial Statistics), website maintained by the International Monetary Fund [bttp://www.imfstatistics.org].
5. Kratkosrochnyye ekonomicheskiye pokazateli Rossiyskoy Federatsii (Short-Term Economic Indicators of the Russian Federation). Moscow, Russia: Rosstat, monthly.
6. Kudrin, Aleksey, "Mekhanizmy formirovaniya neneftegazovogo balansa byudzheta Rossii (Mechanism of the Formation of the Non-Oil-Gas Balance), Voprosy ekonomiki, 8:4-16, 2006a.
7. Kudrin, Aleksey, "Real'nyy effektivnyy kurs rublya: Problemy rosta (The Real Effective Rate of the Ruble: Problems of Growth)," Voprosy ekonomiki, 10:4-18, 2006b.
8. Kudrin, Aleksey, "Inflyatsiya: Rossiyskiye i mirovyye tendentsii (Inflation: Russian and World Tendencies)," Voprosy ekonomiki, 10:4-26, 2007.
9. Ministry of Economic Development and Trade, "Prognoz sotsial'no-ekonomicheskogo razvitiya Rossiyskoy Federatsii na 2008 god, parametry prognoza na period do 2010 goda i predel'nyye urovni tsen (tarifov) na produktsiyu (uslugi) sub"yektov yestestvennykh monopolii (Forecast of Socio-economic Development of the Russian Federation in 2008, Parameters of Forecast in the Period until 2010 and Limiting Level of Prices (Tariffs) on Goods (Services) of Subjects of Natural Monopolies)," April 18, 2007a [http://www.economy.gov.ru /wps/Portal/econmica/macro].
10. Ministry of Economit Development and Trade, "Kontseptsiya dolgosrochnogo sotsial'no-ekonomicheskogo razvitiya Rossiyskoy Federatsii (Concept of Long-Term Socio-economic Development of the Russian Federation)," October 30, 2007b [http://www.economy.gov.ru/].
11. Ministry of Finance, "Metodologiya formirovaniya Neneftegazovogo balansa byudzheta Rossii (Methodology of the Formation of the Non-Oil-Gas Balance of the Budget of Russia)," August 28, 2006a [http://www1.minfin.ru/off_inf/1895.htm].
12. Ministry of Finance, "Kontseptsiya formirovaniya Neneftegazovogo fonda (Concept of the Formation of the Non-Oil-Gasi Fund)," December 6,2006b [http://www1.minfin.ru/].
13. Ministry of Finance, "Stabilizatsionyy fond Rossiyskoy Federatsii (Stabilization Fund of the Russian Federation)," 2007a [http://www1.minfin.ru/stabfond_rus/stabfond_rus.htm].
14. Ministry of Finance, "Osnovnyye napravleniya byudzhetnoy i nalogovoy politiki na 2008-2010 gody (Basic Guidelines of Budgetary and Tax Policies in 2008-2010)," May 2, 2007b [http://www2.minfin.ru/].
15. Ministry of Finance, "Poyasnitel'naya zapiska k pokazatelyam proyekta federal'nogo byudzheta na 2008 god i na period do 2010 goda (Explanatory Notes on Indicators of the Draft of the Federal Budget in 2008 and the period to 2010)," May 2, 2007c [http://www2.minfin.ru].
16. Pantyushin, Vladimir, "Russian Inflation: The Stubborn Beast." Paper presented at the 39th National Convention of the American Association for the Advancement of Slavic Studies, New Orleans, Louisiana, November 15, 2007.
17. Rossiya v tsifrakh (Russia in Figures). Moscow, Russia: Rosstat, 2007.
18. Rossiyskiy statisticheskiy yezhegodnik (Russian Statistical Yearbook). Moscow, Russia: Rosstat, various years.
19. Sagers, Matthew J., "Developments in Russian Gas Production Since 1998: Russia's Evolving Gas Supply Strategy," Eurasian Geography and Economics, 48, 6:651-698, 2007.
20. Sotsial'no-ekonomicheskoye polozheniye Rossii (Socio-economic Situation of Russia). Moscow, Russia: Rosstat, monthly.
21. Tabata, Shinichiro, "Observations on the Influence of High Oil Prices on Russia's GDP Growth," Eurasian Geography and Economics, 47, 1:95-111, 2006a.
22. Tabata, Shinichiro, "Price Differences, Taxes, and the Stabilization Fund," in Michael Ellman, ed., Russia's Oil and Natural Gas: Bonanza or Curse? London, UK: Anthem, 2006b, 35-53.
23. Tarr, David, "Russian Accession to the WTO: An Assessment," Eurasian Geography and Economics, 48, 3:306-319, 2007.
24. Uegaki, Akira, "How to Distribute Oil and Gas Revenues in Russia?" Paper presented at the 39th National Convention of the American Association for the Advancement of Slavic Studies, New Orleans, Louisiana, November 18, 2007.
25. yasin, Yevgeniy, "Netak strashna inflyatsiya (Inflation Is Not So Horrible)," Rossiyskaya Gazeta, October 11, 2007, 5.