The paper reviews the recent conduct of monetary policy and the central bank's rule-based behavior in Russia. Using different policy rules, we test whether the central bank in Russia reacts to changes in inflation, output gap and the exchange rate in a consistent and predictable manner. Our...

After several years of low and stable prices for its gas exports to CIS countries, Russia has decided to review these arrangements and to significantly increase prices, bringing them closer to the levels applied to the EU. The steep increase in energy prices has significant economic implications...

The paper reviews the recent conduct of monetary policy and the central bank's rule-based behavior in Russia. Using different policy rules, we test whether the central bank in Russia reacts to changes in inflation, output gap and the exchange rate in a consistent and predictable manner. Our...

The paper reviews the recent conduct of monetary policy and the central bank's rule-based behavior in Russia. Using different policy rules, we test whether the Bank of Russia reacts to changes in inflation, the output gap and the exchange rate in a consistent and predictable manner. Our results...

Books reviewed: Free Trade under Fire, Douglas A. Irwin, author. Secondary Privatization in Transition Economies: The Evolution of Enterprise Ownership in the Czech Republic, Poland, and Slovenia, Barbara Blaszczyk, author, Iraj Hoshi and Richard Woodward (eds.). Going Alone: The Case for...

Books reviewed in this article: Accountability and Legitimacy in the European Union, edited by A. Arnull and D. Wincott Accountability in the European Union, by C. Harlow Les Commissaires Europeans: Technocrates, diplomates ou politiques? by J. Joana and A. Smith Between Empire and Alliance:...

This paper extends the work of Kaminsky and Schmukler (2003) to the Baltic and Central Eastern European new Member States of the European Union, to test if the same short-run increase in cyclical volatility arising from financial integration is observed in this specific sample of "emerging...

Superterrorism: Policy Responses, edited by L. Freedman The European Union: How Does it Work?, edited by E. Bomberg and A. Stubb European Union Foreign Policy: What it Is and What it Does, by H. Smith Foreign Ministries in the European Union: Integrating Diplomats, edited by B. Hocking and D....