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

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 before and after the January 1992 price liberalization, with emphasis on developments during 1992, and with focus on households more than on enterprises. Comparisons are made with recent experience in Central and Eastern Europe, along with consideration of evidence on shortages and income distribution.

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Author:
Mr. Steven T Phillips
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Mr. Vincent Koen https://isni.org/isni/0000000404811396 International Monetary Fund

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Series:
Occasional Papers
Publisher:
International Monetary Fund
Language:
English
Publication Date:
15 Mar 1993
DOI:
https://doi.org/10.5089/9781557752956.084
ISBN:
9781557752956
ISSN:
0251-6365
Pages:
58
Keywords:
OP; price liberalization; price; liberalization; price reform; saving rate; Moscow CPI; food goods; Wages; Income; Inflation; Real wages; Producer prices; Central and Eastern Europe; Eastern Europe; prices overshoot; price jump
Legal-disclaimer:
The views expressed in this book are those of the authors and should not be reported as or attributed to the International Monetary Fund, its Executive Board, or the governments of any of its member countries.
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