The fifth issue of the 2018 Financial Journal is being prepared for publication

The section "Public Finance" contains materials on pension reform and state guarantees for investment projects.

The peculiarities of the expenditure reviews and the issues of regulatory support of budget openness at the regional level can be found in the section “Budget System”.

Dynamic stochastic general equilibrium models (DSGE) have gained wide popularity as a flexible tool for analyzing monetary policy. In the “Monetary Policy” section read materials on the use of DSGE models in the activities of central banks and ministries of finance.

Also in this issue: assessment of the effectiveness of tax incentives for innovation, analysis of the main problems of the Russian microfinance market and other materials.

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