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Inter-regional Variability of Inflation Rates
Konstantin, Glushchenko - EERC Research Network, Russia and CIS - 2001
Theoretical considerations suggest that as market institutions are developing in Russian regions, the divergence of regional consumer price levels, which has been caused by the price liberalization of 1992, should give way to price level convergence. Using price dynamics data (overall consumer...
Persistent link: https://www.econbiz.de/10005519020
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Finding Optimal Measures of Core Inflation in the Kyrgyz Republic
Ainura, Uzagalieva - EERC Research Network, Russia and CIS - 2004
The ideal measure of inflation reflects long-run price movements driven by actual demand in the economy and excludes … analyze alternative methods of core (or underlying) inflation and to determine the efficient measure of core inflation … Statistics Committee (the concept of core inflation does not yet exist in the Kyrgyz economic reporting system). …
Persistent link: https://www.econbiz.de/10005519038
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Adjusting Boundaries of Russian Firms
Olga, Lazareva - EERC Research Network, Russia and CIS
During the last decade we witnessed huge wave of reorganizations in Russian industrial sector: split-ups, spin-offs, mergers and acquisitions. Firms adjusted their boundaries according to the new economic conditions. Little is known however about this process and its determinants. The first goal...
Persistent link: https://www.econbiz.de/10005518996
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On convergence of contractual trajectories in pure exchange economies
Valery, Marakulin - EERC Research Network, Russia and CIS - 2006
The study is aimed to investigate the convergence to equilibrium of trajectories generated by contractual processes. “Contractual process” is a view on economy’s self-regulation, describing any state of exchange economy as a set of barter contracts among agents/coalitions. It is assumed...
Persistent link: https://www.econbiz.de/10005519002
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A Model of the Russian Crisis Development
Alexander, Andryakov; Evsey, Gurvich - EERC Research Network, Russia and CIS - 2002
the crisis. The sources of the 1998 financial crisis in Russia are discussed. We argue that some of the effects revealed …
Persistent link: https://www.econbiz.de/10005519003
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Monetary policy rules and their application in Russia
Anna, Vdovichenko; Victoria, Voronina - EERC Research Network, Russia and CIS - 2004
This paper examines the Bank of Russia behaviour in post crisis period. Special attention is devoted to econometric … excess liquidity by the Bank of Russia. Empirical results support preliminary assumptions made on the basis of qualitative …. Another major finding lie in the fact that despite officially declared priority of anti-inflation policy major efforts of the …
Persistent link: https://www.econbiz.de/10005519004
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Can Government Paternalism Prevent Credit Market Failure?
Akhmed, Akhmedov; Evgeniy, Orlov - EERC Research Network, Russia and CIS - 2004
This paper investigates how the possibility of government subsidies to firms affects lending and managerial incentives. We develop a model that shows that government support can perform as implicit insurer of firms, which leads to two main effects: lowering incen-tives of managers and increase...
Persistent link: https://www.econbiz.de/10005519006
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Labor Supply in Russia: Studying the Role of Outside Options of the Employed
Vladimir, Matveenko; Peter, Saveliev - EERC Research Network, Russia and CIS - 2005
Based on the panel data of the Russian Longitudinal Monitoring Survey (RLMS) for years 1994–2000 the factors determining men's and women's labor supply at the primary job have been identified. A theoretical model of labor supply for two-sector economy (primary job sector and moonlighting...
Persistent link: https://www.econbiz.de/10005519007
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Bankrtuptcy in Russia: External Management Performance
Anastasia, Zakolyukina - EERC Research Network, Russia and CIS - 2006
the Udmurt Republic and the unique data set of politically connected firms that went bankrupt 1995–2004 in Russia. We use … decreases the share of total debt repaid. However, there is no evidence of adminis-trative expenses inflation in favor of a … particular unsecured creditor under the assumption of a tradeoff between inflation of administrative expenses and main debt …
Persistent link: https://www.econbiz.de/10005519008
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Incentives to Provide Local Public Goods: Fiscal Federalism, Russian Style
Ekatherina, Zhuravskaya - EERC Research Network, Russia and CIS - 2000
Based on unique data set on Russian city budgets, this paper shows that revenue sharing between regional and local governments provides local governments with no incentive to increase tax base or provide public goods. Any change in local government’s own revenues is almost entirely offset by...
Persistent link: https://www.econbiz.de/10005519010