inflation. In this paper, we show that a stable money demand function for Russia can be found for ""effective broad money …

In this paper, we assess whether recent economic developments in Russia are symptomatic of Dutch Disease. We first … growth; and (4) higher overall wages. We test these predictions for Russia while carefully controlling for other factors that … could have led to similar symptoms. We conclude that, while Russia has all of the symptoms, the diagnosis of Dutch Disease …

Dollarization in Russia increased rapidly during the early 1990s, but failed to come down in the second half of the … ratio. The model is estimated using a new source of data on dollar currency holdings in Russia. On the basis of these …

This paper estimates the output gap in Russia using a utilization-adjusted production function approach, which we argue … when both capital and labor are at their estimated natural rates. The results suggest that the output gap in Russia was …