Arbeitspapier
A preliminary evaluation of monetary policy rules for Russia
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 1201
- Klassifikation
-
Wirtschaft
Open Economy Macroeconomics
International Monetary Arrangements and Institutions
Monetary Policy
Policy Objectives; Policy Designs and Consistency; Policy Coordination
- Thema
-
Monetary policy rules
exchange rate
central bank
Russia
Geldpolitik
Geldpolitisches Ziel
Regelgebundene Politik
Geldmengensteuerung
Russland
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Esanov, Akram
Merkl, Christian
Vinhas de Souza, Lúcio
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for World Economics (IfW)
- (wo)
-
Kiel
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Esanov, Akram
- Merkl, Christian
- Vinhas de Souza, Lúcio
- Kiel Institute for World Economics (IfW)
Entstanden
- 2004
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