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Title: | Monetary policy rules for Russia |
Keywords: | ddc:330 monetary policy rules exchange rate central bank Russia Geldpolitik Regelgebundene Politik Inflationsbekämpfung Wechselkurspolitik Russland |
Issue Date: | 16-Oct-2013 |
Publisher: | Siirtymätalouksien Tutkimuslaitos, Helsinki |
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 central bank in Russia reacts to changes in inflation, output gap and the exchange rate in a consistent and predictable manner. Our results indicate that during the period of 1993-2002 the Bank of Russia has used monetary aggregates as a main policy instrument in conducting monetary policy. |
URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/3256 |
Other Identifiers: | urn:isbn:9516869645 http://hdl.handle.net/10419/3256 ppn:391301853 |
Appears in Collections: | EconStor |
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