This article examines important aspects of the interaction between the fiscal history and political events of tsarist Russia s final years in the light of macroeconomic theories of government budget constraints. Using econometric tests of intertemporal stability and techniques of intervention analysis, I find that tsarist Russia had achieved a sustainable peacetime balance in its fiscal relations by the eve of World War I, but that this balance was lost under the strain of wartime financial difficulty.
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Volume (Year): 10 (2006) Issue (Month): 01 (April) Pages: 35-50 Download reference. The following formats are available: HTML
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