Russian Federation; Selected Issues
This Selected Issues paper examines the potential costs of faster disinflation in Russia, drawing on the experience of European transition countries. The paper analyzes this experience, discusses factors contributing to the persistence of moderate inflation, and quantifies the disinflation costs in these countries. It compares the Russian economy with the sample countries. The paper concludes that a relatively rapid reduction of core inflation from above 10 percent in 2002 to less than 5 percent in 2004 would be beneficial for the Russian economy.
Year of publication: |
2003-05-30
|
---|---|
Institutions: | International Monetary Fund (IMF) ; International Monetary Fund |
Subject: | Economic conditions | Selected issues | inflation | monetary policy | moderate inflation | relative price | monetary fund | money supply | money growth | foreign exchange | lower inflation | real wages | reduction of inflation | actual inflation | national bank | inflation process | relative prices | effects of inflation | monetary policy objectives | monetary shock | price stability | inflationary pressures | inflation rate | change in inflation | reduction in inflation | inflation target | inflation rates | central bank | low inflation | monetary instruments | relative price variability | inflation response | price level | foreign currency |
Saved in:
freely available
Saved in favorites
Similar items by subject
-
Adopting Inflation Targeting; Practical Issues for Emerging Market Countries
Zelmer, Marc, (2000)
-
The Scope for Inflation Targeting in Developing Countries
Savastano, Miguel A., (1997)
-
Kieler, Mads, (2003)
- More ...
Similar items by person