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Analysis and Commentary

The Flat Tax at Work in Russia: Year Five, 2005

by Alvin Rabushkavia russianeconomy.org
Thursday, May 11, 2006

The 13% flat tax has become a stable feature of Russia’s tax system. With the rise in real incomes percolating through the economy, receipts continue to grow at a healthy clip.

Analysis and Commentary

China vs. Russia: International Bankers Run a Natural Experiment

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Thursday, April 13, 2006

Who would imagine international bankers running a natural experiment for us, free of charge? And yet, they did, in the mid-2000s in China and Russia.

Analysis and Commentary

The Other Way to Win Iraq

by Michael S. Bernstamvia russianeconomy.org
Thursday, December 15, 2005

It's economic policy. The new Iraqi government will be well positioned to implement it. Replace food rations with prepaid debit cards.

Analysis and Commentary

Russia Abolishes Inheritance Tax

by Alvin Rabushkavia russianeconomy.org
Monday, June 20, 2005

A comprehensive flat tax, which strives to tax income only once, would exclude inheritance from taxation on the ground that inherited money was taxed at the time of its earning and that taxing bequests amounts to double taxation.

Analysis and Commentary

Cambodia joins the WTO

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Tuesday, September 7, 2004

A recent announcement that Cambodia joins the WTO, on the heels of China's accession in November 2001 and bypassing the disqualified Russia, makes abundantly clear who is what.

Analysis and Commentary

Beijing Consensus for Russia?

by Michael S. Bernstam, Alvin Rabushkavia russianeconomy.org
Wednesday, June 2, 2004

Hong Kong's economic writers believe that Russia is beginning to adopt the Beijing consensus, China's pragmatic approach to economic policy.

Analysis and Commentary

Shorting Russia's Banks

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Thursday, January 22, 2004

Like all business decisions, the wisdom or miscalculation of the purchase of Bank One by J.P. Morgan Chase will be evaluated by future returns and share prices. How does this story compare with Russia?

Analysis and Commentary

Goldilocks and the Three [Russian] Bears

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Wednesday, January 22, 2003

Goldilocks has entered the Russian bears' house. High oil prices will harm growth. Low oil prices will harm growth. Only the right oil prices will foster growth.

Analysis and Commentary

Financial Sector Reform in Russia: DÉjÀ Vu All Over Again

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Tuesday, January 21, 2003

To this day, neither the IMF or other transition scholars have yet proposed any real reform of Russia's banks. Rather, they, as exemplified in this most recent IMF paper, choose to reiterate shopworn cliches, and then wonder why Russia's banks, and its economy in general, remain in need of reform.

Analysis and Commentary

Russia on Auto-Pilot

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Monday, January 6, 2003

Since last summer, the Russian economy has been largely on auto-pilot. Economic policy discussion has virtually ground to a halt.

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