Russian Federation : Selected Issues

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

July 1, 2014

Electronic Access:

Free Full text (PDF file size is 764 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Selected Issues paper estimates potential output and the output gap in Russia. Estimating potential output in Russia is difficult because its economy is large and complex, in transition, and dependent on oil. First, Russia presents large territorial and sectoral heterogeneity. Second, structural issues are difficult to estimate in transition economies. Third, the energy sector dominates exports and GDP, making Russia vulnerable to large terms of trade shocks. This paper estimates potential output taking into account these challenges and using a variety of methodologies. The results obtained show that the output gap in Russia exhibits high uncertainty.

Series:

Country Report No. 14/176

Subject:

Notes:

Full text also available in Russian

English

Publication Date:

July 1, 2014

ISBN/ISSN:

9781498336765/1934-7685

Stock No:

1RUSEA2014003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

19

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