Russian Federation: Selected Issues Paper

International Monetary Fund

No 2011/295, IMF Staff Country Reports from International Monetary Fund

Abstract: This note focuses on Russia's monetary policy, which is moving toward low and stable inflation. This paper discusses two analytical measures to analyze the monetary policy—core inflation measure and a group of leading indicators model (LIM). The trimmed mean core inflation is a good indicator for analyzing trend inflation and can be used as a viable target for monetary policy. LIMs are widely used for inflation forecasting and are also useful in detecting turning points in inflation.

Keywords: ISCR; CR; core inflation; monetary policy; government; price; core inflation measure; FCI weight; government debt-to-GDP ratio; refinancing rate; oil price; Oil prices; Inflation; Reserve assets; Oil; Global; Africa (search for similar items in EconPapers)
Pages: 90
Date: 2011-09-27
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Citations: View citations in EconPapers (1)

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