Russian Federation: Selected Issues

International Monetary Fund

No 2003/146, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; Russia; nominal exchange rate; disinflation; monetary policy; Moody's rating; nominal exchange rate pass-through; rating agency; pass-through effect; ratings estimation; goods price inflation; Inflation; Oil prices; Securities markets; Inflation targeting; Africa; Global; Baltics; Eastern Europe; Western Europe (search for similar items in EconPapers)
Pages: 110
Date: 2003-05-30
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Citations: View citations in EconPapers (5)

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