An Assessment of Policy Measures to Support Russia's Real Economy

Abstract

"This paper presents the results of an analytical project on the design and approbation of methodology for assessing and monitoring the measures taken by the government of the Russian Federation in response to the recent worldwide fiscal crisis. The paper is based on our analysis of about 100 measures initiated between October 2008 and March 2009 to support Russia's real economy. Within the scope of this analysis, we singled out the main beneficiaries according to industry and enterprise scale, and estimated the effects of the measures during the crisis and recovery phases. The paper also describes the major risks the Russian government will face as a result of implementing the aforementioned measures and identifies the key problems and inconsistencies of the anti-crisis programme." (author's abstract)