Abstract
Comprehensive analysis of stabilization fund design and management as a macroeconomic tool is suggested. Restrictions on the use of windfall revenues, stemming from fiscal and monetary sustainability conditions are presented. It is stressed that additional spending of windfall revenues inevitably results in real appreciation of the ruble. According to medium-term macroeconomic projections, if current high export prices sustain, the use of windfall revenues may be gradually raised, but still spending money from the Stabilization Fund of RF will remain quite limited through the year 2008.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
