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Author/Editor:
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Odling-Smee, J. C.
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Publication Date:
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August 01, 2004
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Electronic Access:
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Free Full text
(PDF file size is 535KB).
Use the free
Adobe Acrobat Reader
to view this PDF file
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
This paper explains the IMF's impact on economic policies in Russia, focusing on where the IMF made a difference. The Russian economic and political leadership essentially determined economic policies. The IMF's influence was modest: it had only a limited impact on overall fiscal policy and the major structural reforms, but it had a positive impact on monetary policy. A tougher position on fiscal policy in 1996-98 might have produced a better outcome. The G-7's concerns weakened the IMF. However, the IMF played a major role in transferring knowledge about macroeconomic policymaking and implementation.
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Series:
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Working Paper No. 04/155
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Subject(s):
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Transition economies | Russian Federation | Fund | Fiscal policy | Structural adjustment
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Author's Keyword(s):
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Economic transition | International Monetary Fund | macroeconomic policy | Russia |
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English
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Publication Date:
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August 01, 2004
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ISBN/ISSN:
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1934-7073
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Format:
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Paper
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Stock No:
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WPIEA1552004
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Pages:
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47
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Price:
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US$15.00 )
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Please address any questions about this title to
publications@imf.org
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