Price Liberalization in Russia: The Early Record
November 1, 1992
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Summary
Prices in Russia have been decontrolled in several steps since early 1991, after decades of near-fixity. Their behavior before and after the January 1992 price liberalization is analyzed here, as are the associated movements of wages and overall consumer incomes and expenditures. The emphasis is on developments in the first half of 1992. Comparisons are made with recent experience in Eastern Europe. Evidence on shortages, saving and income distribution is also considered.
Subject: Income, Inflation, Labor, Minimum wages, National accounts, Prices, Real wages, Wages
Keywords: Eastern Europe, household income, household incomes data, Income, Inflation, liberalization measure, Minimum wages, price level, price liberalization, rate of return, Real wages, retail price index, saving rate, Wages, WP
Pages:
79
Volume:
1992
DOI:
Issue:
092
Series:
Working Paper No. 1992/092
Stock No:
WPIEA0921992
ISBN:
9781451851564
ISSN:
1018-5941
