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Lessons of Crisis for Russia: Macroeconomic Policy

Author

Listed:
  • Yudaeva, Kseniya

    (Sberbank RF)

  • Godunova, Maria

    (Sberbank RF)

Abstract

Russia is often considered to be among the most affected countries. Strictly speaking, this is not entirely true: both in terms of the depth of the fall in GDP and industrial production, and in terms of the unemployment situation in Russia looks better than, for example, in some of its neighbors - Ukraine and the Baltic countries. Therefore, the depth of the crisis in Russia can be considered rather average, typical for a wide range of countries. However, it is worth remembering that the pre-crisis period in Russia, with its US $ 600 billion. Reserves seemed one of the most ready-to-crisis economies.

Suggested Citation

  • Yudaeva, Kseniya & Godunova, Maria, 2009. "Lessons of Crisis for Russia: Macroeconomic Policy," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 6, pages 30-41, December.
    • Handle: RePEc:rnp:ecopol:9614
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