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.
- Language
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Englisch
- Bibliographic citation
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Series: Kiel Working Paper ; No. 1201
- Classification
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Wirtschaft
Open Economy Macroeconomics
International Monetary Arrangements and Institutions
Monetary Policy
Policy Objectives; Policy Designs and Consistency; Policy Coordination
- Subject
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Monetary policy rules
exchange rate
central bank
Russia
Geldpolitik
Geldpolitisches Ziel
Regelgebundene Politik
Geldmengensteuerung
Russland
- Event
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Geistige Schöpfung
- (who)
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Esanov, Akram
Merkl, Christian
Vinhas de Souza, Lúcio
- Event
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Veröffentlichung
- (who)
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Kiel Institute for World Economics (IfW)
- (where)
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Kiel
- (when)
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2004
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
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Object type
- Arbeitspapier
Associated
- Esanov, Akram
- Merkl, Christian
- Vinhas de Souza, Lúcio
- Kiel Institute for World Economics (IfW)
Time of origin
- 2004
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Monetary policy rules for Russia
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Perspektiven zum Bürgergeld
Disinflationary booms?
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Monetary and labor policies under market frictions
Banks’ Regulatory Buffers, Liquidity Networks and Monetary Policy Transmission
Monetary persistence, imperfect competition, and staggering complementarities
Monetary persistence, imperfect competition, and staggering complementarities
Monetary persistence, imperfect competition and staggering complementarities
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Banks' regulatory buffers, liquidity networks and monetary policy transmission
The inflation-output tradeoff: which type of labor market rigidity is to be blamed?
Perspektiven zum Bürgergeld