European Parliament Library

Russian Federation :, Selected Issues

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
Table Of Contents
Cover; Contents; I. Understanding Russia's Inflation in the Post-1998 Crisis Period; A. Introduction; Text Tables; 1. CEE and Selected Emerging Countries: Consumer Price Inflation, 2006; Text Figure; 1. CPI, Core CPI, and PPI Inflation, 2000-06; B. Inflation Persistence; Text Boxes; 1. Univariate Approach to Measuring Inflation Persistence; 2. Reduced-Form Estimation of NKPC; C. Inflation Evolution in Response to Structural Shocks-SVAR; 2. Structural Model Underlying the Hybrid NKPC; 3. Identification of Structural Shocks; Figure; 1. Impulse Responses to a Positive Interest Rate Shock
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (56 p.)
Specific Material Designation
Form Of Item

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