Similar Search Results

Causes of Repressed Inflation in the Soviet Consumer Market : Retail Price Subsidies, the Siphoning Effect, and the Budget Deficit

Kim, Byung-Yeon - 2008

Using recently available Soviet material, this paper analyses the causes of repressed inflation in the Soviet consumer market during 1965-1989. We found that retail price subsidies, which rose from 4% of state budget expenditure in 1965 to 20% in the late 1980s, intensified consumer market...

Persistent link: https://www.econbiz.de/10012726248

Soviet Foreign Trade and the Money Supply

Nakamura, Yasushi - 2013

This study uses newly available data in a quantitative examination of the relationship between Soviet special foreign trade earnings (SFEs) and changes in the money supply. During the Soviet era, SFEs were effectively taxes on imports and exports. They generated as much as 7-15% of state budget...

Persistent link: https://www.econbiz.de/10013071632

Dutch Disease in Former Soviet Union : Witch-Hunting?

Égert, Balázs - 2014

This study seeks to determine the extent to which countries of the former Soviet Union are “infected” by the Dutch Disease. We take a detailed look at the functioning of the trans-mission mechanism of the Dutch Disease, i.e. the chains that run from commodity prices to real output in...

Persistent link: https://www.econbiz.de/10014208768

Monetary Policy Rules for Russia

Esanov, Akram - 2009

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 …

Persistent link: https://www.econbiz.de/10012721201

Performance of Business Groups : Evidence from Post-Crisis Russia

Shumilov, Andrey - 2008

Transition economies like Russia lack properly functioning financial markets and institutions, which results in severe …

Persistent link: https://www.econbiz.de/10012722423

What Beyond Oil and Gas? Russian Trade Specialisation in Manufactures

Garanina, Olga - 2008

The objective of the paper is to study Russia's pattern of specialisation in the manufactures trade since 1998. Russia … differentiated according to Russia's main trading partners: the European Union (EU), the Commonwealth of Independent States (CIS) and …-industry trade), we show that Russia is globally disadvantaged in the manufactures trade vis-a-vis the EU and China, and advantaged …

Persistent link: https://www.econbiz.de/10012722424

Trade Linkages and Macroeconomic Effects of the Price of Oil

Korhonen, Iikka - 2008

(Russia and Canada here) benefit from oil price shocks. For example, a large oil shock, leading to a price increase of 50 …

Persistent link: https://www.econbiz.de/10012722559

A Model of Russia's 'Virtual Economy'

Ericson, Richard Eric - 2007

The Russian Economy has evolved into a hybrid form, a partially monetized quasi-market system that has been called the virtual economy. In the virtual economy, barter and non-monetary transactions play a key role in transferring value from productive activities to the loss-making sectors of the...

Persistent link: https://www.econbiz.de/10012729028

Money, Barter and Inflation in Russia

Kim, Byung-Yeon - 2007

Using a macroeconometric framework, this paper analyses relationships among money, barter and inflation in Russia … to capture all the relevant information for inference on money and inflation in Russia …

Persistent link: https://www.econbiz.de/10012729043

Organized Business, Political Regimes and Property Rights Across the Russian Federation

Pyle, William - 2007

political regime and the security of firms' property rights. Drawing on a pair of surveys recently administered in Russia, we …

Persistent link: https://www.econbiz.de/10012729227