OECD's 2011 Economic Survey of the Russian Federation examines recent economic developments, policies and prospects; the business climate, the fiscal framework, monetary policy, and energy efficiency.
Table of contents:
Basic statistics of the Russian Federation Executive summary Assessment and recommendations. Chapter 1.Modernisation of the Russian economy: how full is the glass? -Macroeconomic and social developments -Progress on structural reform -Summary and conclusionn -Annex 1.A1. Progress in structural reform and framework conditions Chapter 2.Improving the business climate -The business climate is significantly worse in Russia than in most OECD countries -The economic consequences of the relatively poor business climate are serious -Progress has been made on improving the business climate, but much more should be done -Summary Chapter 3.Strengthening the fiscal framework to enhance resilience to external shocks and safeguard sustainability -Overview of fiscal policy trends and the sustainability outlook -Strengthening the fiscal framework Chapter 4.Moving to a new framework for monetary policy -Progress in achieving sustained disinflation has been slow -The evolution of the monetary framework since the onset of the crisis -Building on recent achievements to establish a stronger framework formonetary policy Chapter 5.Increasing energy efficiency as a means to achieve greener growth -The case for focussing on policies to raise energy efficiency in Russia -Causes of Russia’s high energy intensity -Policy responses to date -Assessment of current policies and recommendations