Merkl C, Vinhas de Souza L, Esanov A (2005)
Publication Language: English
Publication Type: Journal article
Publication year: 2005
Publisher: Elsevier
Book Volume: 33
Pages Range: 484-499
Journal Issue: 3
DOI: 10.1016/j.jce.2005.05.003
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.
APA:
Merkl, C., Vinhas de Souza, L., & Esanov, A. (2005). Monetary policy rules for Russia. Journal of Comparative Economics, 33(3), 484-499. https://dx.doi.org/10.1016/j.jce.2005.05.003
MLA:
Merkl, Christian, Lucio Vinhas de Souza, and Akram Esanov. "Monetary policy rules for Russia." Journal of Comparative Economics 33.3 (2005): 484-499.
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