Monetary Policy Rules for Russia

Released on by Akram Esanov
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  • Monetary Policy Rules for Russia Book Detail

  • Author : Akram Esanov
  • Release Date : 2006
  • Publisher :
  • Genre :
  • Pages : 0
  • ISBN 13 :
  • File Size : 39,39 MB
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Monetary Policy Rules for Russia by Akram Esanov PDF Summary

Book 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.

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Monetary Policy Rules for Russia

Monetary Policy Rules for Russia

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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

Russian Federation

Russian Federation

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Total View : 2354 Views
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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 mone