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Russian Federation: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper examines the potential costs of faster disinflation in Russia, drawing on the experience of European transition countries. The paper analyzes this experience, discusses factors contributing to the persistence of moderate inflation, and quantifies the disinflation costs in these countries. It compares the Russian economy with the sample countries. The paper concludes that a relatively rapid reduction of core inflation from above 10 percent in 2002 to less than 5 percent in 2004 would be beneficial for the Russian economy.

Suggested Citation

  • International Monetary Fund, 2003. "Russian Federation: Selected Issues," IMF Staff Country Reports 2003/146, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2003/146
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=16576
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    Citations

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    Cited by:

    1. Esanov, Akram & Merkl, Christian & Vinhas de Souza, Lucio, 2005. "Monetary policy rules for Russia," Journal of Comparative Economics, Elsevier, vol. 33(3), pages 484-499, September.
    2. Carare, Alina & Stone, Mark R., 2006. "Inflation targeting regimes," European Economic Review, Elsevier, vol. 50(5), pages 1297-1315, July.
    3. Oomes, Nienke & Ohnsorge, Franziska, 2005. "Money demand and inflation in dollarized economies: The case of Russia," Journal of Comparative Economics, Elsevier, vol. 33(3), pages 462-483, September.
    4. Victoria Dobrynskaya & Edouard Turkish, 2009. "Is Russia Sick with the Dutch Disease?," Working Papers 2009-20, CEPII research center.
    5. International Monetary Fund, 2005. "Ukraine: Selected Issues," IMF Staff Country Reports 2005/020, International Monetary Fund.

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