The great errors -- Size matters -- The cost of the cold -- Geography is not destiny -- Siberia : plenty of room for error -- Disconnected Russia -- Taking stock : how much has changed? -- Can Russia shrink? -- Russia of the mind -- Tearing down Potemkin Russia

This paper analyzes the stabilizing properties of alternative monetary policy regimes. In practice there is a choice between two broad types of monetary policy regimes: a fixed exchange rate regime or a floating exchange rate regime. In this paper I compare exchange rate targeting with different...

We examine the evolution of monetary policy rules in a group of inflation targeting countries (Australia, Canada, New Zealand, Sweden and the United Kingdom), applying a moment-based estimator in a time-varying parameter model with endogenous regressors. Using this novel flexible framework, our...