Using a macroeconometric framework, this paper analyses relationships among money, barter and inflation in Russia … to capture all the relevant information for inference on money and inflation in Russia. … findings suggest that barter has resulted partly from output losses and partly from a reduction in real money balances, but to …

This paper analyzes relationships among money, barter, and inflation in Russia during the transition period. Following … Russian barter resulted partly from output losses, and, to a lesser extent, from the reduction in real money balances. We also … contributed to generating persistent inflation and output decline in Russia …

Using a macroeconometric framework, this paper analyses relationships among money, barter and inflation in Russia … to capture all the relevant information for inference on money and inflation in Russia … findings suggest that barter has resulted partly from output losses and partly from a reduction in real money balances, but to …

This paper analyzes relationships among money, barter, and inflation in Russia during the transition period. Following … Russian barter resulted partly from output losses, and, to a lesser extent, from the reduction in real money balances. We also … contributed to generating persistent inflation and output decline in Russia …

money holdings. Properties of equilibria are obtained analytically and equilibria are solved in closed form in a variety of … cases. Lump-sum transfers financed with money creation are welfare-enhancing when labor productivity is low whereas … preferences and the velocity of money under heterogeneous preference shocks. …

This paper develops a model to investigate the welfare implications of barter in Russia and other transition economies … during the 1990s. We argue that barter is a welfare-improving phenomenon that acts as a defense mechanism against monetary … instability. When firms react to tighter credit markets by switching to barter, the risk they face diminishes, allowing for a …

Forecasts of inflation in the United States since the mid eighties have had smaller errors than in the past, but those … their own "Great Moderation." For those countries that did not attain macroeconomic stability, inflation forecasting … monetary regime does, makes possible the estimation of parsimonious inflation models for all available data (eight decades for …