Please use this identifier to cite or link to this item:
http://dspace.mediu.edu.my:8181/xmlui/handle/10419/3739| Title: | Monetary policy rules for Russia |
| Keywords: | ddc:330 Geldpolitik Regelgebundene Politik Inflationsbekämpfung Wechselkurspolitik Russland |
| Issue Date: | 16-Oct-2013 |
| Description: | The paper reviews the recent conduct of monetary policy and the central bank's rule-based behavior in Russia. Using different policy rules, we test whether the Bank of Russia reacts to changes in inflation, the output gap and the exchange rate in a consistent and predictable manner. Our results indicate that, during the period from 1993 to 2004, the Bank of Russia used monetary aggregates as the main policy instrument. Some estimations provide evidence that the Bank of Russia was more concerned with reducing inflation before 1995, while the priorities shifted towards exchange rate stabilization after 1995. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/3739 |
| Other Identifiers: | Journal of comparative economics 0147-5967 33 2005 3 484-499 doi:10.1016/j.jce.2005.05.003 http://hdl.handle.net/10419/3739 ppn:503379107 |
| Appears in Collections: | EconStor |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.