Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/3193
Year of Publication: 
2004
Series/Report no.: 
Kiel Working Paper No. 1201
Publisher: 
Kiel Institute for World Economics (IfW), Kiel
Abstract: 
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.
Subjects: 
Monetary policy rules
exchange rate
central bank
Russia
JEL: 
F41
F33
E52
E61
Document Type: 
Working Paper

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