Advanced Search
MyIDEAS: Login to save this article or follow this journal

Démonétisation en Russie. Un arbitrage favorable au maintien de l'emploi


Author Info

  • Sophie Brana
  • Mathilde Maurel


The increase in non-monetary payments in Russia is the output of both a tight monetary policy and the persistence of the soft budget constraint. The State, by allowing fiscal arrears and in-kind payments, and the enterprises, by using wage arrears as a way of accommodating the budget constraint, make a short term arbitrage which favours the level of employment and further delay in restructuring. Unemployment is positively correlated in the long run with fiscal and wage arrears, but in the short run, any increase in the latter has a positive impact on the fluctuation of employment. Classification JEL : E5 P2

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL:
Download Restriction: free

File URL:
Download Restriction: free

Bibliographic Info

Article provided by Presses de Sciences-Po in its journal Revue économique.

Volume (Year): 52 (2001)
Issue (Month): 4 ()
Pages: 841-859

as in new window
Handle: RePEc:cai:recosp:reco_524_0841

Contact details of provider:
Web page:

Related research


Other versions of this item:

Find related papers by JEL classification:


No references listed on IDEAS
You can help add them by filling out this form.


Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Akhmed Akhmedov & Ekaterina Zhuravskaya, 2004. "Opportunistic Political Cycles: Test in A Young Democracy Setting," The Quarterly Journal of Economics, MIT Press, vol. 119(4), pages 1301-1338, November.
  2. Catherine Locatelli, 2002. "La faisabilité de la libéralisation de l'industrie gazière russe," Post-Print halshs-00177826, HAL.
  3. Catherine Locatelli & Dominique Finon, 2003. "Les limites à l'introduction des institutions de marché dans un secteur de rente," Post-Print halshs-00177824, HAL.
  4. Koen Schoors & Konstantin Sonin, 2005. "Passive Creditors," Working Papers w0015, Center for Economic and Financial Research (CEFIR).
  5. Catherine Locatelli & Dominique Finon, 2004. "L'échec de l'introduction d'institutions de marché dans une économie en transition : les limites du consensus de Washington dans un secteur de rente," Post-Print halshs-00001306, HAL.


This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


Access and download statistics


When requesting a correction, please mention this item's handle: RePEc:cai:recosp:reco_524_0841. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.