Monetary Policy in Transition : Inflation Nexus Money Supply in Postcommunist Russia

Online-Ressource (XIII, 158 p, online resource)

Description based upon print version of record

Cover; Contents; List of Tables; List of Figures; Acknowledgements; Introduction; 1 The Emergence of Open Inflation and Stabilization Efforts in Postcommunist Russia; Introduction; The monetary roots of inflation in postcommunist Russia; The fiscal theory of price level and its application to Russia; Frameworks for analyzing the impact of monetary and fiscal policies on macroeconomic stabilization; Interaction of fiscal and monetary policies during transition; 2 Inflation Expectations in Postcommunist Russia; Introduction

A brief overview of the literature on inflation expectations in postcommunist Russia and early reactions to open inflationMethodology and model specification; Results; Alternative modelling; Forecasting inflation; Rationality of expectations of inflation; Policy implications and further research; Conclusion; 3 The Relationship between Money Supply and Inflation in Postcommunist Russia; Introduction; A brief overview of Russian monetary policy and the related literature; Data and methodological overview; Results; Dividing the sample; Conclusion

4 Money-Inflation Causality in Transition Economies: The Case of RussiaIntroduction; Data and methodological overview; The Wiener-Granger causality model and the lag-length selection criteria; Empirical results; Policy considerations; Conclusion; 5 The Role of International Financial Institutions in Stabilizing the Russian Economy; Introduction; The role of the IMF in the global financial architecture; The Washington Consensus; The IMF's involvement in Russia: general policy considerations

Quantitative indicators of capital flows and the IMF's involvement in the European transition economies and the Russian FederationCommon criticisms of the IMF programmes; Specific policy considerations of the IMF's involvement in postcommunist Russia; Alternative medicine: more prescriptions, fewer injections; Conclusion; Conclusions and Directions for Further Research; Appendix; Notes; Bibliography; Index

Quantitative indicators of capital flows and the IMF's involvement in the European transition economies and the Russian FederationCommon criticisms of the IMF programmes; Specific policy considerations of the IMF's involvement in postcommunist Russia; Alternative medicine: more prescriptions, fewer injections; Conclusion; Conclusions and Directions for Further Research; Appendix; Notes; Bibliography; Index; A; B; C; D; E; F; G; H; I; K; L; M; N; O; P; Q; R; S; T; U; V; W; Y

10.1057/9780230512337 [DOI]

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