EconPapers    
Economics at your fingertips  
 

Monetary policy rules for Russia

Akram Esanov, Christian Merkl () and Lucio Vinhas de Souza ()

No 11/2004, BOFIT Discussion Papers from Bank of Finland, Institute for Economies in Transition

Abstract: The paper reviews the recent conduct of monetary policy and the central bank s rule-based behavior in Russia.Using different policy rules, we test whether the central bank in Russia reacts to changes in inflation, output gap and the exchange rate in a consistent and predictable manner.Our results indicate that during the period of 1993-2002 the Bank of Russia has used monetary aggregates as a main policy instrument in conducting monetary policy. JEL classification: E52, E61, F33, F41 Keywords: Monetary policy rules, exchange rate, central bank, Russia

JEL-codes: E52 E61 F33 F41 (search for similar items in EconPapers)
Date: 2004-08-30
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (25) Track citations by RSS feed

Published in Published in Journal of Comparative Economics vol 33, no 3 (2005), pp. 484-499

Downloads: (external link)
https://helda.helsinki.fi/bof/bitstream/123456789/8141/1/113689.pdf (application/pdf)

Related works:
Journal Article: Monetary policy rules for Russia (2005) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bof:bofitp:2004_011

Access Statistics for this paper

More papers in BOFIT Discussion Papers from Bank of Finland, Institute for Economies in Transition Bank of Finland, BOFIT, P.O. Box 160, FI-00101 Helsinki, Finland. Contact information at EDIRC.
Bibliographic data for series maintained by Minna Nyman ().

 
Page updated 2019-07-21
Handle: RePEc:bof:bofitp:2004_011