Anmerkungen:
In: Russian Economic Trends, Vol. 11, pp. 7-14, 2002
Beschreibung:
The purpose of this study is to explain the main sources of continued inflationary pressure in Russia and propose a policy remedy to this situation. In the transition period Russia has gone through different monetary and exchange rate regimes. The disinflation process has been marked by several reversals, the most recent being the consequence of the currency and banking crisis in August 1998. Although annual inflation was brought back down to a moderate two-digit level (around 20%) in 2001, such a level cannot be considered as satisfactory from the viewpoint of a long-term investment and growth climate