Russian Federation : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

October 23, 2007

Electronic Access:

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Summary:

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.

Series:

Country Report No. 07/352

Subject(s):

English

Publication Date:

October 23, 2007

ISBN/ISSN:

9781451833157/1934-7685

Stock No:

1RUSEA2007002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

55

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