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Economic Diversification and Dutch Disease in Russia
Dobrynskaya, Victoria - 2014
Despite the impressive economic growth in Russia between 1999 and 2007, there is a fear that Russia may suffer the … lower long term economic growth. In this paper we study if there are any symptoms of the Dutch disease in Russia. Using a … Russian manufacturing industries, and we study the behaviour of Russian imports and exports. We find that, while Russia …
Persistent link: https://www.econbiz.de/10013065013
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Does Inflation or Currency Depreciation Drive Monetary Policy in Russia?
Granville, Brigitte - 2013
This paper analyses the persistence of inflation in post-communist Russia, with interest rate, exchange rate, and money … the context of Russia that the official interest rate has reacted more to exchange rate changes than reacting to inflation …
Persistent link: https://www.econbiz.de/10013074004
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Monetary Policy in Russia : Identifying Exchange Rate Shocks
Granville, Brigitte - 2013
Russian monetary policy has failed persistently to achieve sustained low inflation, both in absolute terms and relative to the peer group of countries similarly exiting from Soviet-style central planning. This paper explores the reasons for this state of affairs by analyzing the kind of monetary...
Persistent link: https://www.econbiz.de/10013075248
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How Did China Take Off?
Huang, Yasheng - In: Journal of Economic Perspectives 26 (2012) 4, pp. 147-70
There are two prevailing perspectives on how China took off. One emphasizes the role of globalization—foreign trade and investments and special economic zones; the other emphasizes the role of internal reforms, especially rural reforms. Detailed documentary and quantitative evidence...
Persistent link: https://www.econbiz.de/10010815798
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The Dutch Disease in the Portuguese Economy
Andrade, João Sousa; Duarte, António Portugal - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2013
The Portuguese economy has benefited from large amounts of European structural funds since the mid-eighties. At the same time, interest rates have decreased substantially, mainly due to a credibility phenomenon. The effects of those funds and the reduction of financial costs can be considered as...
Persistent link: https://www.econbiz.de/10010608036
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Discovering the Signs of Dutch Disease in Russia
Mironov, V. - 2015
​This paper examines the problem of Dutch disease in Russia during the oil boom of the 2000s, from both the theoretical …
Persistent link: https://www.econbiz.de/10013029127
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Evaluating monetary policy options for managing resource revenue shocks when fiscal policy is laissez-faire : application to Nigeria
Chuku, Chuku Agbai - 2016
This study considers the implications of alternative monetary policy regimes to deal with a laissez-faire fiscal policy rule, where the government completely spends resource revenue windfall contemporaneously. A three sector dynamic stochastic general equilibrium model, which features key...
Persistent link: https://www.econbiz.de/10011456170
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The early years of inflation targeting: Review and outlook
Billmeier, Andreas - 1999
This paper deals with a 'new' type of monetary policy making: Inflation Targeting (IT). It attempts to identify reasons for which countries might be inclined to adopt this framework for monetary policy. By reviewing recent experience of inflation targeting countries, the paper outlines the major...
Persistent link: https://www.econbiz.de/10010301347
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Monetary policy regimes in CIS economies and their ability to provide price and financial stability
Dabrowski, Marek - 2013
Achieving price stability has been a serious challenge for CIS countries. In the first half of the 1990s, they experienced very high inflation or hyperinflation, which had originated in the perestroika period and following the dissolution of the ruble area. After the introduction of new...
Persistent link: https://www.econbiz.de/10012148694
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The early years of inflation targeting : review and outlook
Billmeier, Andreas - 1999
This paper deals with a "new" type of monetary policy making: Inflation Targeting (IT). It attempts to identify reasons for which countries might be inclined to adopt this framework for monetary policy. By reviewing recent experience of inflation targeting countries, the paper outlines the major...
Persistent link: https://www.econbiz.de/10010499919