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Simulation of the long-term effect of fiscal policy on the russian economy


Evgeny Goryunov, Andrei Zubarev, Kristina Nesterova
(about the authors)

Goryunov Evgeny L. – Research Officer of the International Laboratory for Studies of the Budgetary Sustainability, the Research Area “Macroeconomics and Finance” (Gaidar Institute for Economic Policy)

Zubarev Andrei V. – Candidate of Science, Economics, Senior Research Officer, Research Center for Issues of Central Banks, the Institute for Applied Economic Studies (The Russian Presidential Academy of National Economy and Public Administration; Gaidar Institute for Economic Policy)

Nesterova Kristina V. – Senior Research Officer of the Research Laboratory for Issues of Economic Growth, the Institute of Applied Economic Studies (The Russian Presidential Academy of National Economy and Public Administration)

Published in:
Russian Journal of Entrepreneurship
– Volume 16, Number 24 (December, 2015)



Keywords: calculation mode of general balance, demography, globalization, income tax, overlapping generations, regional economy, tax reform


Citation:
Evgeny Goryunov, Andrei Zubarev, Kristina Nesterova (2015). Simulation of the long-term effect of fiscal policy on the russian economy. Russian Journal of Entrepreneurship, 16(24), 4435-4444. doi: 10.18334/rp.16.23.2154


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Abstract:

The article analyses the long-term effect of  fiscal policy on macroeconomic parameters in Russia using the multi-country calculation model of the general economic balance. The authors review the main works on this class of models, the structure of the model is described, as well as main results of its evaluation. In particular, the results of the modeling of the collapse in the price of oil, changes in birth rate, as well as increasing in reservoir of resources in the Russian economy and abroad. 








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