Russian Federation: Selected Issues

October 23, 2007

Preview Citation

Format: Chicago

Russian Federation: Selected Issues, (USA: International Monetary Fund, 2007) accessed November 21, 2024

Summary

This Selected Issues paper on the Russian Federation underlies inflation persistence and evolution in response to structural shocks. Inflation in Russia has been characterized by a considerable degree of persistence. An explicit inflation-targeting framework may help reduce firms’ uncertainty about the future. This, in turn, may allow firms to be more forward-looking, thereby reducing persistence. The exchange rate is the Central Bank of Russia’s (CBR) main policy instrument for controlling inflation. Allowing more nominal appreciation would help to keep inflation on a downward path and better anchor inflation expectations.

Subject: Education, Expenditure, Health, Health care spending, Inflation, Prices

Keywords: Africa, Central and Eastern Europe, CR, Exchange rate shock, Expenditure efficiency, Health care spending, Inflation, Inflation expectation, ISCR, Producer price inflation, Public expenditure, Surprise inflation shock

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/352
Stock No:

1RUSEA2007002
ISBN:

9781451833157
ISSN:

1934-7685

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