Russian Federation: Selected Issues

May 30, 2003

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Format: Chicago

Russian Federation: Selected Issues, (USA: International Monetary Fund, 2003) accessed November 22, 2024

Summary

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.

Subject: Financial markets, Fiscal policy, Inflation, Inflation targeting, Monetary policy, Oil prices, Prices, Securities markets

Keywords: Africa, Baltics, CR, Disinflation, Eastern Europe, Global, Goods price inflation, Inflation, Inflation targeting, ISCR, Monetary policy, Moody's rating, Nominal exchange rate, Nominal exchange rate pass-through, Oil prices, Pass-through effect, Rating agency, Ratings estimation, Russia, Securities markets, Western Europe

Publication Details

Pages:

110
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/146
Stock No:

1RUSEA0032003
ISBN:

9781451833065
ISSN:

1934-7685

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