Russian Federation

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1452732558
Size: 63.46 MB
Format: PDF, Mobi
View: 4362
Download Read Online

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.

Russian Federation

Author: Jonathan Anderson
Publisher: International Monetary Fund
ISBN:
Size: 41.33 MB
Format: PDF, Mobi
View: 2726
Download Read Online

This report on Selected Issues was prepared by staff from the International Monetary Fund as background documentation for the periodic consultation with the Russian Federation. The single issue selected is the recovery in output and public finances. Tables give economic and financial statistics. Annexes cover: Russia's growth performance 1991-97; fiscal adjustment after the crisis; changes in the exchange system 1999-2000; changes in the external trade regime 1999-2000.

Russian Federation Selected Issues

Author: International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451833065
Size: 36.41 MB
Format: PDF, ePub
View: 7729
Download Read Online

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.

Russian Federation

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1475526636
Size: 53.85 MB
Format: PDF, ePub, Docs
View: 2236
Download Read Online

This Selected Issues paper describes structural reform policies in Russia in the last 15 years. There is evidence of a gradual convergence of Russia’s performance to that of more advanced economies, though significant gaps remain. Progress in Russia’s global competitiveness index indicators during the past 10 years has been generally stronger for those indicators in which Russia’s performance was comparatively weaker in 2006. The authorities’ view that oil prices will be persistently low and a real exchange rate more aligned to fundamentals should serve as incentives to build a less oil-dependent growth model. Clear targets, carefully sequenced actions, appropriate accountability, and frequent monitoring could help advance reforms.

Russian Federation

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1452742642
Size: 54.27 MB
Format: PDF, Kindle
View: 3340
Download Read Online

Russia’s large oil and gas reserves play a key role in its economic development. As with many other large oil exporters, Russia’s energy wealth is also posing numerous challenges to macroeconomic management. Although fiscal policy has saved a large part of the oil windfall in the Oil Stabilization Fund (OSF), this has not been guided by a consistent long-term framework. The framework is illustrated with numerical simulations of different fiscal spending rules that are consistent with sustainable paths of consumption out of oil and gas wealth over time.

Russian Federation

Author: Jonathan Anderson
Publisher:
ISBN: 9780119864717
Size: 76.45 MB
Format: PDF, ePub
View: 3047
Download Read Online

This report on Selected Issues was prepared by staff from the International Monetary Fund as background documentation for the periodic consultation with the Russian Federation. The single issue selected is the recovery in output and public finances. Tables give economic and financial statistics. Annexes cover: Russia's growth performance 1991-97; fiscal adjustment after the crisis; changes in the exchange system 1999-2000; changes in the external trade regime 1999-2000.

Russian Federation Selected Issues

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1484358856
Size: 24.87 MB
Format: PDF, Docs
View: 338
Download Read Online

This Selected Issues paper analyzes the impact of the adoption of inflation targeting (IT) on exchange rate volatility in Russian Federation. Russia has seen an increase in exchange rate volatility during the past few years compared with the period before the global financial crisis, as the authorities have chosen to allow a higher degree of ruble exchange rate flexibility in preparation for the adoption of IT. The average of the 12-month coefficient of variation of the ruble/dollar exchange rate has also increased from 2.2 percent in December 2005–September 2008 to about 3.7 percent in March 2010–June 2013.