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Russia’s Economic Policy in 2010: Quest for Innovations

Author

Listed:
  • Vladimir Mau

    (Gaidar Institute for Economic Policy)

Abstract

The austerity vs stimulus discussion among economists and politicians is gaining momentum. Not surprisingly, both parties are actively appealing to the memory of John Maynard Keynes who, indeed, put forth the idea of economic stimulus but never recommended that it be used on a scale as massive as that in the 1970s, when Richard Nixon declared himself a ‘Keynesian’ and pursued state intervention policies under the guise of Keynesianism.

Suggested Citation

  • Vladimir Mau, 2011. "Russia’s Economic Policy in 2010: Quest for Innovations," Working Papers 0033, Gaidar Institute for Economic Policy, revised 2012.
    • Handle: RePEc:gai:wpaper:0033
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    File URL: https://www.iep.ru/files/RePEc/gai/wpaper/0033Mau.pdf
    File Function: Revised version, 2012
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    More about this item

    Keywords

    2008 global econoic crisis; economic modernization; Russian economy; structural modernization; rent-based economy;
    All these keywords.

    JEL classification:

    • P41 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Planning, Coordination, and Reform
    • P21 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Planning, Coordination, and Reform
    • P31 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions

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