The short and variable lags of Russian monetary policy
Pesonen, Hanna; Korhonen, Iikka (12.06.1998)
Numero
4/1998Julkaisija
Suomen PankkiBank of Finland
1998
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-201408113136Tiivistelmä
This paper assesses empirically the lag between changes in money supply and inflation in Russia during the economic transition.In line with the previous literature, we find that money supply changes affect inflation with a fairly short lag.In addition to this, we find tentative evidence for some lengthening of the lag as the transition has progressed.However, these results are not very robust, and the lags that are found to be significant are generally shorter than those found in the earlier literature. Keywords: Inflation, monetary policy, Russia
Julkaisuhuomautus
Uudelleenjulkaistu pdf-muodossa 2002 (Idäntalouksien yksikön sarja)Reprint in PDF format 2002 (Unit for Eastern European Economies series)Ilmestynyt myös: Russian and East European finance and trade 35 ; 2 (1999).