S. M. Guriev ,   M. S. Bernshtam ,   A. A. Petrov ,   I. G. Pospelov The 3nd International Meeting of the Society for Social Choice and Welfare, June 1996, Maastricht, Netherlands , 06.1996 , language: английский  Аннотация The paper describes the findings on the Russian economy after the reform of 1992 with the application of mathematical models. The paper analyzes one possible strategy for this restructuring on the basis of stimulating productive investment. An engaging feature of this strategy is the creation of investment resorses via the conversion of houshold savings deplated by the 1992 inflation into goverment debt and their gradual private investment. An analysis of a mathematical model of this process shows that the proposed mechanism can work, but its implementation needs additional policy measures for overcoming both technical inefficiency of the Russian economy and the underdevelopment of its financial institutions.  Ключевые слова Russian economy, mathematical model, inefficient inflationary equilibrium, lack of investment, insufficient household savings