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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...

Cross-Country Report on Minimum Wages

Cross-Country Report on Minimum Wages »

Source: Cross-Country Report on Minimum Wages : Selected Issues

Volume/Issue: 2016/151

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 2016

ISBN: 9781475528374

Keywords: minimum wage, minimum wages, minimum wage hikes, workers, labor

This paper provides a cross-country report on minimum wages. In the past few years, many countries in Central Eastern and Southeastern Europe (CESEE) have increasingly turned to minimum wage policies. Throughout th...

Excess Wages Tax

Excess Wages Tax »

Source: Excess Wages Tax

Volume/Issue: 1995/17

Series: IMF Working Papers

Author(s): S. Erbas , and Alan Tait

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 1995

ISBN: 9781451843484

Keywords: wage, wages, minimum wage, inflation, wage level, Excess Wages Tax,

Excess wages tax (EWT) is a tax-based incomes policy instrument introduced in many centrally-planned economies and still used in some FSU and Eastern European countries in transition. The main macroeconomic goal of...

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)...

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...

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...

Cross-Country Report on Minimum Wages
			: Selected Issues

Cross-Country Report on Minimum Wages : Selected Issues »

Volume/Issue: 2016/151

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 2016

DOI: http://dx.doi.org/10.5089/9781475528374.002

ISBN: 9781475528374

Keywords: minimum wage, minimum wages, minimum wage hikes, workers, labor

This paper provides a cross-country report on minimum wages. In the past few years, many countries in Central Eastern and Southeastern Europe (CESEE) have increasingly turned to minimum wage policies. Throughout th...