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Relative Price Convergence in Russia

Author

Listed:
  • Ms. Paula De Masi
  • Mr. Vincent Koen

Abstract

Following price and exchange rate liberalization, domestic consumer prices in Russia moved closer to market levels. This paper quantifies the magnitude of the associated relative price changes. It also shows that relative price variability has been positively correlated with inflation. It is further established that convergence toward international relative and absolute price levels is far from complete, and that geographical price dispersion within Russia has declined since early 1992 but remains fairly high.

Suggested Citation

  • Ms. Paula De Masi & Mr. Vincent Koen, 1995. "Relative Price Convergence in Russia," IMF Working Papers 1995/054, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1995/054
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    Keywords

    WP; price level; goods price; food goods; price liberalization; price variability; Inflation; Consumer price indexes; Consumer prices; Price structures; Food prices; Western Europe; Baltics; Global;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • P22 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Prices
    • R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other Spatial Production and Pricing Analysis

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