I’ve been working with the Gaidar Institute in Moscow for the last three years helping their fine economists research Russia’s fiscal policy. We’ve been studying Russia’s long-run fiscal position, its projected demographic change, and its economic transition. Like the U.S., Russia faces major challenges in maintaining its fiscal programs and sustaining economic growth. These challenges have been greatly exacerbated by the decline in energy prices and the international sanctions. During my trips to Russia I’ve talked with a wide range of people about Crimea, the Ukraine, Syria, NATO, and related topics. Two things come across loud and clear. First, …read more
Source: The Huffington Post
