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Explaining and Forecasting the Velocity of Money in Transition Economies, with Special Reference to the Baltics, Russia, and other Countries of the Former Soviet Union

International Monetary Fund - 1997

The paper identifies a number of stylized facts on the behavior of key macroeconomic variables during high inflation and stabilization in countries in transition. To examine the extent to which these stylized facts conform to the predictions of standard open economy monetary theory, the paper...

Persistent link: https://www.econbiz.de/10014400305

Benchmarking the Efficiency of Public Expenditure in the Russian Federation

Hauner, David - 2007

This paper benchmarks the efficiency of public expenditure in the social sectors in the Russian Federation relative to other countries and among the country''s regions. It finds that there is substantial room for efficiency gains, particularly in health care and social protection, although less...

Persistent link: https://www.econbiz.de/10014400317

Transforming Financial Systems in the Baltics, Russia and Other Countries of the Former Soviet Union

Price, Robert T. - 1999

In 1991, the Baltics, Russia and other countries of the former Soviet Union set out on the road to establishing market …

Persistent link: https://www.econbiz.de/10014400598

Money Demand and Inflation in Dollarized Economies : The Case of Russia

Ohnsorge, Franziska - 2005

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

Persistent link: https://www.econbiz.de/10014400621

The Russian Flat Tax Reform

Keen, Michael - 2005

Russia dramatically reduced its higher rates of personal income tax (PIT) in 2001 establishing a single marginal rate …

Persistent link: https://www.econbiz.de/10014400633

External Borrowing by the Baltics, Russia and Other Countries of the Former Soviet Union : Developments and Policy Issues

International Monetary Fund - 1997

Many countries among the Baltics, Russia and other CIS states are increasingly borrowing on international capital …

Persistent link: https://www.econbiz.de/10014400646

Government Expenditure Arrears : Securitization and Other Solutions

Ramos, Alberto M. - 1998

On occasions, by running arrears, governments have unilaterally borrowed from domestic agents. These agents ended up with implicit claims on the government for which they had no title and that would be honored, at best, on an unspecified future date and for an uncertain value. Having untitled...

Persistent link: https://www.econbiz.de/10014400768

Diagnosing Dutch Disease : Does Russia Have the Symptoms?

Kalcheva, Katerina - 2007

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 …

Persistent link: https://www.econbiz.de/10014400781

Reforming the Russian Budget System : A Move to More Devolved Budget Management?

Diamond, Jack - 2005

The Russian federal government has recently initiated a fundamental reform of its budget system, encompassing important policy, procedural, and institutional changes. This paper reviews this reform agenda with reference to the experience of industrial countries that over the past two to three...

Persistent link: https://www.econbiz.de/10014400922

The Utilization-Adjusted Output Gap : Is the Russian Economy Overheating?

Oomes, Nienke - 2006

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 …

Persistent link: https://www.econbiz.de/10014402403