Russian Federation : Selected Issues Paper

Publication Date: September 27, 2011
Electronic Access: Free Full text (PDF file size is 2,070KB).
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Summary: This note focuses on Russia's monetary policy, which is moving toward low and stable inflation. This paper discusses two analytical measures to analyze the monetary policy—core inflation measure and a group of leading indicators model (LIM). The trimmed mean core inflation is a good indicator for analyzing trend inflation and can be used as a viable target for monetary policy. LIMs are widely used for inflation forecasting and are also useful in detecting turning points in inflation.
Series: Country Report No. 11/295
Subject(s): Budgets | Consumer price indexes | Inflation targeting | Monetary operations | Selected issues

Notes Also available in Russian
Publication Date: September 27, 2011
ISBN/ISSN: 9781463904845/1934-7685 Format: Paper
Stock No: 1RUSEA2011004 Pages: 90
US$18.00 (Academic Rate:
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