Sergey Drobyshevsky, Andrey Polbin: Even in case of the fall of oil prices to $40 GDP contraction in 2015 can be moderate

On 26 February daily "Vedomosty" published an article by Sergey Drobyshevsky, scientific director, and Andrey Polbin, senior researcher, 'Monetary Policy: Unperilous Recession". In the article the authors analyze how the CB policy of inflation targeting moderates the impact of falling oil prices on the economic recession in Russia.