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Economy and Policy in 2011: Global Crisis and Search for a New Model of Growth


  • V. MAU.


The article reveals two factors which determined social and economic development of Russia in 2011: future elections and the global economic crisis. Relative sustainability of the Russian economy is noted. Still, macroeconomic stability remains fragile. Principal features of the global economic crisis are considered: its structural and systemic character. The specifics of Russian economic policy is analyzed. A new model of growth is proposed that is based on supply-side economics, its key elements are studied. Recent political changes in the Russian society are analyzed as well as their influence on economic dynamics. The necessity of complex modernization in Russia is stressed.

Suggested Citation

  • V. Mau., 2012. "Economy and Policy in 2011: Global Crisis and Search for a New Model of Growth," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 2.
  • Handle: RePEc:nos:voprec:2012-02-1

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    Cited by:

    1. Drobyshevskiy, Sergei & Polbin, Andrei, 2015. "Decomposition of the Structural Shocks Contribution to the Russian Macroeconomic Indicators Dynamics on the Basis of the DSGE Model," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 2, pages 20-42.
    2. Sergey Sinelnikov-Murylev & Sergey Drobyshevsky & Maria Kazakova & Michael Alexeev, 2016. "Decomposition of Russia's GDP Growth Rates," Research Paper Series, Gaidar Institute for Economic Policy, issue 167P, pages 123-123.
    3. Airapetyan, Mamikon & Aleschenko, Natalya & Arushanyan, Vitaliy, 2015. "Experience in Analysis and Forecasting of Cyclical Fluctuations in the Economy (On the Example of the National Bureau of Economic Research in Application to the Economy and the Anti-Crisis Policy of R," Published Papers madd5, Russian Presidential Academy of National Economy and Public Administration.
    4. Sinelnikov-Murylev, Sergei & Drobyshevskiy, Sergei & Kazakova, Maria, 2014. "Decomposition of the russian GDP growth rate in 1999-2014," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, pages 7-37, October.

    More about this item


    global economic crisis; modernization; supply-side economics.;

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook


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