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Analysis and Commentary

Further Extending Russia's Tax Reforms

by Alvin Rabushkavia
Monday, April 1, 2002

The Russian government is in the process of further extending its tax reforms. A first step was the introduction of a 13% flat tax on personal income, which took effect in 2001. Now the Russian government is planning to simplify and reduce the tax burden on small businesses.

Analysis and Commentary

Improving Russia's 13% Flat Tax

by Alvin Rabushkavia
Monday, March 11, 2002

In Russia's 13% flat tax, there are two sources of income that are taxed at higher rates.

Analysis and Commentary

The Flat Tax at Work in Russia

by Alvin Rabushkavia
Thursday, February 21, 2002

Since the emergence of the Russian Federation a decade ago, taxpayer compliance has been a problem. To help resolve this problem and improve incentives, the Russian government enacted in July 2000 a 13% flat-rate tax on personal income.

Analysis and Commentary

Globalization versus Imperialism

by Tibor R. Machanvia Hoover Daily Report
Monday, February 11, 2002

Globalization has thus not been effectively linked with what is at its heart, namely, human liberation.

MONEY RULES: The Role of the Federal Reserve

with Michael J. Boskin, Janet Yellenvia Uncommon Knowledge
Wednesday, January 9, 2002

Interest Rate adjustments by the Federal Reserve are among the most closely watched and anticipated of all economic policy decisions. Yet many economists believe the Fed no longer has the power it once did to regulate the economy. So just how powerful is the Fed today? What tools does the Fed have to regulate the economy, and how should they be used?

Analysis and Commentary

Regulation Is the Biggest Pest of All

by Henry I. Millervia Hoover Daily Report
Monday, December 31, 2001

"genetic resistance is where we want to go." But this definitive solution has been made hugely expensive and impractical by regulatory obstacles erected by the Environmental Protection Agency (EPA).

Analysis and Commentary

Review of the World Bank's "Russian Economic Report, October 2001"

by Alvin Rabushka, Michael S. Bernstamvia
Tuesday, December 4, 2001

In October 2001, the Moscow office of the World Bank issued the first of a new series of quarterly economic reports on Russia, which are intended to describe major economic trends and issues facing the economy.

Analysis and Commentary

Fixing Russia's Banks—A Reminder

by Alvin Rabushka, Michael S. Bernstamvia
Sunday, November 18, 2001

The Russian government plans to hold a meeting on September 27, 2001, to explore several ideas to reform Russia's banks. If the Russian government and its international advisers are really serious about banking reform, they can start by reviewing the relative merits and demerits of existing proposals.

Analysis and Commentary

Towards a New Understanding of the Russian Economy?

by Alvin Rabushka, Michael S. Bernstamvia
Wednesday, November 14, 2001

President Vladimir Putin's visit to Washington, D.C., and to President Bush's ranch in Crawford, Texas, for three days in mid-November 2001 has led to considerable soul searching on Russia's economic prospects and if its recent high growth can be sustained.

Analysis and Commentary

A Russian Revival?

by Alvin Rabushka, Michael S. Bernstamvia
Tuesday, November 13, 2001

Russia's revival, according to The Wall Street Journal, is due largely to its refusing fresh IMF assistance and advice.


Economic Policy Working Group

The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.

Milton and Rose Friedman: An Uncommon Couple