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I. Introduction

I. Introduction »

Source: Price Liberalization in Russia : Behavior of Prices, Household Incomes, and Consumption During the First Year

Series: Occasional Papers

Author(s): Steven Phillips , and Vincent Koen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1993

ISBN: 9781557752956

Keywords: wage, wages, inflation, minimum wage, milk

Income and production developments in the Russian Federation began to diverge conspicuously in the late 1980s, when increases in the measured real wage significantly outstripped gains in measured productivit...

II. Prices and Shortages

II. Prices and Shortages »

Source: Price Liberalization in Russia : Behavior of Prices, Household Incomes, and Consumption During the First Year

Series: Occasional Papers

Author(s): Steven Phillips , and Vincent Koen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1993

ISBN: 9781557752956

Keywords: wage, wages, inflation, minimum wage, milk

Price reforms in Russia were carried out in several steps. Partial liberalization measures coupled with administrative price increases caused a sizable jump in producer prices in January 1991, and a comparab...

III. Household Incomes

III. Household Incomes »

Source: Price Liberalization in Russia : Behavior of Prices, Household Incomes, and Consumption During the First Year

Series: Occasional Papers

Author(s): Steven Phillips , and Vincent Koen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1993

ISBN: 9781557752956

Keywords: wage, wages, inflation, minimum wage, milk

An important phenomenon of the late 1980s was the growth of nominal incomes and wages considerably in excess of price increases or any conceivable advances in labor productivity. The ensuing growing macroeco...

IV. Household Expenditure and Saving

IV. Household Expenditure and Saving »

Source: Price Liberalization in Russia : Behavior of Prices, Household Incomes, and Consumption During the First Year

Series: Occasional Papers

Author(s): Steven Phillips , and Vincent Koen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1993

ISBN: 9781557752956

Keywords: wage, wages, inflation, minimum wage, milk

The emergence of substantial open inflation in 1991, the surge in measured real incomes in that year, the anticipated price jumps of April 1991 and January 1992, and the fall in measured real incomes in 1992...

Price Liberalization in Russia
			: Behavior of Prices, Household Incomes, and Consumption During the First Year

Price Liberalization in Russia : Behavior of Prices, Household Incomes, and Consumption During the First Year »

Series: Occasional Papers

Author(s): Steven Phillips , and Vincent Koen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1993

DOI: http://dx.doi.org/10.5089/9781557752956.084

ISBN: 9781557752956

Keywords: wage, wages, inflation, minimum wage, milk

Prices in the Russian Federation have been decontrolled in several steps since early 1991, after decades of near fixity. This paper documents and analyzes the behavior of prices, income, consumption, and savings be...

Front Matter

Front Matter »

Source: Price Liberalization in Russia : Behavior of Prices, Household Incomes, and Consumption During the First Year

Series: Occasional Papers

Author(s): Steven Phillips , and Vincent Koen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1993

ISBN: 9781557752956

Keywords: wage, wages, inflation, minimum wage, milk

Prices in the Russian Federation have been decontrolled in several steps since early 1991, after decades of near fixity. This paper documents and analyzes the behavior of prices, income, consumption, and savings be...

Statistical Appendix

Statistical Appendix »

Source: Price Liberalization in Russia : Behavior of Prices, Household Incomes, and Consumption During the First Year

Series: Occasional Papers

Author(s): Steven Phillips , and Vincent Koen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1993

ISBN: 9781557752956

Keywords: wage, wages, inflation, minimum wage, milk

Table 1. Industrial Producer Price Index (Monthly percentage change unless otherwise specified)...

V. Concluding Remarks

V. Concluding Remarks »

Source: Price Liberalization in Russia : Behavior of Prices, Household Incomes, and Consumption During the First Year

Series: Occasional Papers

Author(s): Steven Phillips , and Vincent Koen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1993

ISBN: 9781557752956

Keywords: wage, wages, inflation, minimum wage, milk

In considering the aftermath of price liberalization in Russia, a number of essential points emerge from an analysis of the data available for 1992. Some of these findings raise questions of interpretation a...