DABROWSKI, Marek; Paczynski, Wojciech; Rawdanowicz, Lukasz - CASE-Center for Social and Economic Research - 2002
This paper seeks the main factors behind inflation in Russia over the period 1996–2001. It presents a succinct description of Russian monetary policy and inflation developments. The econometric analysis establishes a long-run relationship between demand for the real money balances on the one...