Template-Type: ReDIF-Paper 1.0
Author-Name:Sergey Sinelnikov-Murylev 
Author-Name-First: Sergey       
Author-Name-Last: Sinelnikov-Murylev
Author-Workplace-Name: Russian Foreign Trade Academy 
Author-Name:Pavel Trunin 
Author-Name-First: Pavel        
Author-Name-Last: Trunin
Author-Workplace-Name: RANEPA
Title:    Government Wealth Funds and Monetary Policy
Abstract: Both economic theory and economic practice reveal a high degree of interdependence between fiscal and monetary policies. This relationship is especially evident if the government accumulates a considerable amount of money in its accounts with the central bank. The article analyzes the impact of the formation and spending of the Reserve Fund and the National Wealth Fund on the monetary policy of the Bank of Russia. This effect is considered from the point of view of the current economic crisis and the need to spend resources accumulated in sovereign wealth funds.
 Length:  13 pages
Creation-Date: 2016
Revision-Date:   2016
Classification-JEL: E43, E520, E620, E630
Keywords: Russian economy, fiscal policy, monetary policy, sovereign wealth funds, forex interventions, international reserves 
File-URL: https://www.iep.ru/files/RePEc/gai/wpaper/148Sinelnikov.pdf
File-Format: Application/pdf
File-Function: Revised version, 2016
Handle: RePEc:gai:wpaper:148