Article title

Abstract

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1. Introduction. One year after the Russian exchange rate shock: an overall balance of short-term effects

2. An analysis of the impact of devaluation on macro indicators and output: a literature review

3. Income redistribution and a low propensity to invest as factors in the negative impact of devaluation on output

4. The threat of a devaluation-inflation spiral and macroeconomic policy in the aftermath of a foreign exchange crisis

5. On the subject of devaluation pessimism and the impact of devaluations on output

6. Structural problems as a factor in the Russian devaluation of 2014 and 2015

7. Conclusion

Acknowledgements

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