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Moscow, Misreading Bush

by Michael McFaulvia Hoover Digest
Monday, April 30, 2001

Vladimir Putin and his inner circle quietly rooted for George W. Bush last November, assuming that a Bush administration would overlook Russia’s human rights record. Now it’s time for the Bush administration to set the Russians straight. By Hoover fellow Michael McFaul.

And Now: The British Election

by Gerald A. Dorfmanvia Hoover Digest
Monday, April 30, 2001

This year’s British general election looks as though it will be a replay of the American presidential election—the 1996 election, that is. By Hoover fellow Gerald A. Dorfman.

Private Property, Freedom, and the Rule of Law

by Richard Pipesvia Hoover Digest
Monday, April 30, 2001

Juxtapose the history of England with that of Russia. What emerges? The importance of private property. By Richard Pipes.

NATO Ten Years from Now

by Peter J. Duignanvia Hoover Digest
Monday, April 30, 2001

The Europeans want a bigger share in running NATO—and a smaller U.S. presence on their continent. Hoover fellow Peter Duignan explains why nothing would serve our interests better.

Analysis and Commentary

Can More Liberal Subsidies Spur Growth and Reduce Inflation?

by Alvin Rabushka, Michael S. Bernstamvia
Wednesday, April 25, 2001

A remarkable consensus has recently surfaced among Russian policy makers, from the President on down, and Western observers and investors. They are concerned about rising inflation and slowing growth. As a remedy, they advocate larger subsidies. Alas, simple accounting arithmetic shows that liberalization of capital outflow cannot achieve the desired objectives of higher growth and lower inflation.

Analysis and Commentary

Two Conflicting Policies in Search of Growth

by Alvin Rabushka, Michael S. Bernstamvia
Tuesday, April 10, 2001

Two rival predictions have been made on Russian economic growth. One, by experts from the IMF, WB, and Russians themselves, is that relaxing the 75% rule will, by slowing ruble appreciation, increase growth. The other, which we have made, is that relaxing the rule will slow growth.

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The Secret oF Russian Economic Growth: Testing an Old Hypothesis with New Data

by Michael S. Bernstam, Alvin Rabushka
Thursday, April 5, 2001

Inadvertently, the authors and the readers of this web site have become participants in a scientific experiment.

The Once and Future Berlin

by Victor Matusvia Policy Review
Sunday, April 1, 2001

A city in a constant state of becoming

Analysis and Commentary

Fixing Russia’s Banks, Again: A Postscript

by Alvin Rabushka, Michael S. Bernstamvia
Monday, March 19, 2001

In our previous article, “Fixing Russia’s Banks, AGAIN,” we pointed out the failure of previous attempts by the IMF and international accounting firms to construct accurate, comprehensive balance sheets of Russia’s commercial banks and its financial system. Moreover, we have yet to see evidence that the IMF or international accounting firms have remedied their previous shortcomings.

Analysis and Commentary

Capital Flight?

by Alvin Rabushka, Michael S. Bernstamvia
Thursday, March 15, 2001

The presence of large capital flight is presumed to reflect a poor investment climate in Russia. It is also said to be a contributing factor of Russia’s long-run contraction