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Institut für Weltwirtschaft (IfW), Kiel >
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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/3193
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| Title: | | A preliminary evaluation of monetary policy rules for Russia  |
| Authors: | | Esanov, Akram Merkl, Christian Vinhas de Souza, Lúcio |
| Issue Date: | | 2004 |
| Citation: | | [Series:] Kiel working paper [Editor:] Institut für Weltwirtschaft, Kiel [No.:] 1201 |
| Series/Report no.: | | Kieler Arbeitspapiere 1201 |
| 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 |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Economists Online Kieler Arbeitspapiere, IfW
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| kap1201.pdf | | 346.25 kB | Adobe PDF |
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