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Price Liberalization in Russia

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  • Steven Phillips
  • Vincent Koen

Abstract

Prices in the Russian Federation have been decontrolled in several steps since early 1991, after decades of near fixity. This paper documents and analyzes the behavior of prices, income, consumption, and savings before and after the January 1992 price liberalization, with emphasis on developments during 1992, and with focus on households more than on enterprises. Comparisons are made with recent experience in Central and Eastern Europe, along with consideration of evidence on shortages and income distribution.

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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Occasional Papers with number 104.

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Length: 58
Date of creation: 15 Mar 1993
Date of revision:
Handle: RePEc:imf:imfocp:104

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Cited by:
  1. Marek Dabrowski, 1993. "Two Years of Economic Reforms in Russia. Main Results," CASE Network Studies and Analyses, CASE-Center for Social and Economic Research 0009, CASE-Center for Social and Economic Research.
  2. Daniel Berkowitz & David N. DeJong, 2000. "The Evolution of Market Integration in Russia," William Davidson Institute Working Papers Series 334, William Davidson Institute at the University of Michigan.
  3. Muller, Christophe, 2002. "Prices and living standards: evidence for Rwanda," Journal of Development Economics, Elsevier, Elsevier, vol. 68(1), pages 187-203, June.
  4. G. Alfandari & M.E. Schaffer, 1996. ""Arrears" in the Russian Enterprise Sector," CERT Discussion Papers, Centre for Economic Reform and Transformation, Heriot Watt University 9608, Centre for Economic Reform and Transformation, Heriot Watt University.
  5. Konstantin Gluschenko, 2013. "Distribution Dynamics of Russian Regional Prices," William Davidson Institute Working Papers Series wp1061, William Davidson Institute at the University of Michigan.
  6. Berkowitz, Daniel, 1996. "On the persistence of rationing following liberalization: A theory for economies in transition," European Economic Review, Elsevier, Elsevier, vol. 40(6), pages 1259-1279, June.
  7. Prakash Loungani & Nathan Sheets, 1995. "Central bank independence, inflation and growth in transition economies," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) 519, Board of Governors of the Federal Reserve System (U.S.).
  8. Leitzel, Jim, 1998. " Goods Diversion and Repressed Inflation: Notes on the Political Economy of Price Liberalization," Public Choice, Springer, Springer, vol. 94(3-4), pages 255-66, March.
  9. Christophe Muller, 2005. "Poverty and inequality under income and price dispersions," Canadian Journal of Economics, Canadian Economics Association, Canadian Economics Association, vol. 38(3), pages 979-998, August.
  10. Konstantin Gluschenko, 2008. "Goods Market Integration in Russia during the Economic Upturn," William Davidson Institute Working Papers Series wp921, William Davidson Institute at the University of Michigan.
  11. Daniel Berkowitz & David DeJong & Steven Husted, 1997. "Transition in Russia: It's Happening," William Davidson Institute Working Papers Series 33, William Davidson Institute at the University of Michigan.
  12. Jim Leitzel, 1998. "Goods diversion and repressed inflation: Notes on the political economy of price liberalization," Public Choice, Springer, Springer, vol. 94(3), pages 255-266, March.
  13. Gluschenko, Konstantin, 2002. "Market Integration in Russia During the Transformation Years," Economics Series, Institute for Advanced Studies 116, Institute for Advanced Studies.
  14. Mark C. Foley, 1997. "Labor Market Dynamics in Russia," Working Papers, Economic Growth Center, Yale University 780, Economic Growth Center, Yale University.
  15. Buch, Claudia M. & Hiemenz, Ulrich & Koop, Michael J. & Laaser, Claus-Friedrich & Lücke, Matthias & Schrader, Jörg-Volker & Schrader, Klaus & Engerer, Hella & Schrettl, Wolfram & Schrooten, Mechthil, 1993. "Die wirtschaftliche Lage Rußlands: Monetäre Orientierungslosigkeit und realwirtschaftlicher Aktionismus. Dritter Bericht," Kiel Discussion Papers 220/221, Kiel Institute for the World Economy (IfW).
  16. Easterly, William & da Cunha, Paulo Viera & DEC, 1994. "Financing the storm : macroeconomic crisis in Russia, 1992-93," Policy Research Working Paper Series 1240, The World Bank.
  17. Arnade, Carlos A. & Osborne, Stefan, 2001. "Measurement And Testing For Neutrality Of Foreign Price And Cpi Transmission In Russia," 2001 Annual meeting, August 5-8, Chicago, IL, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) 20625, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  18. Seeth, Harm Tho & Chachnov, Sergei & Surinov, Alexander & Von Braun, Joachim, 1998. "Russian poverty: Muddling through economic transition with garden plots," World Development, Elsevier, Elsevier, vol. 26(9), pages 1611-1624, September.
  19. Konstantin Gluschenko, 2004. "The Evolution of Cross-Region Price Distribution in Russia," William Davidson Institute Working Papers Series 2004-716, William Davidson Institute at the University of Michigan.

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