## Price Liberalization in Russia: The Early Record

_IMF Working Papers, November 1, 1992_

## Source details

**Canonical URL:** [Price Liberalization in Russia: The Early Record](https://www.imf.org/en/publications/wp/issues/2016/12/30/price-liberalization-in-russia-the-early-record-843)

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## Bibliographic details
- Authors: Vincent Koen, Steven T Phillips
- Published: November 1, 1992
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451851564.001

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### Summary and Scope
- Authors: Vincent Koen, Steven T Phillips
- Publication date: November 1, 1992
- Series: IMF Working Papers, Working Paper No. 1992/092
- Issue: 092
- Volume: 1992
- Pages: 79
- DOI: https://doi.org/10.5089/9781451851564.001
- ISBN: 9781451851564
- ISSN: 1018-5941
- Core focus: Analysis of price behavior in Russia before and after the January 1992 price liberalization, with emphasis on developments in the first half of 1992; associated movements of wages, overall consumer incomes, and expenditures; comparisons with recent experience in Eastern Europe; and evidence on shortages, saving, and income distribution.

### Key findings on price and income behavior
- Prices in Russia were decontrolled in several steps since early 1991, following decades of near-fixity.
- The paper analyzes price behavior both before and after the January 1992 price liberalization, concentrating on the first half of 1992.
- Associated movements of wages and overall consumer incomes and expenditures are examined in relation to the price liberalization.

### Comparative analysis
- Comparisons are made between Russia’s experience and recent experience in Eastern Europe.

### Evidence reviewed
- Shortages
- Saving
- Income distribution

### Subject tags and keywords (as provided)
- 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

*IMF Working Paper: "Price Liberalization in Russia: The Early Record", Vincent Koen and Steven T Phillips, November 1, 1992, Working Paper No. 1992/092.*

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_Source: https://www.imf.org/en/publications/wp/issues/2016/12/30/price-liberalization-in-russia-the-early-record-843_