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Why are informal practices still prevalent in Russia? -- Chernyi piar : dirty campaigning and the workings of Russian …
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This paper develops a general equilibrium model and proposes a theory to explain the main stylized facts about the … growth of barter transactions in Russia during the 1990s. Because of the high opportunity cost of using fiat money, with a …
Persistent link: https://www.econbiz.de/10014066639
This paper analyzes relationships among money, barter, and inflation in Russia during the transition period. Following … contributed to generating persistent inflation and output decline in Russia …
Persistent link: https://www.econbiz.de/10014069187
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
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 …
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about Russia's economy. Circulated at the highest levels of the Russian and U.S. governments and reported in leading … publications worldwide, their thesis--that Russia's economy is based on illusion or pretense about nearly every important economic … reform policies in Russia. More important, their work has provided a coherent framework for understanding how and why so much …
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