Cover IMF Working Papers
Price Liberalization in Russia: The Early Record
Author: Mr. Vincent Koen and Mr. Steven T Phillips
Series:
IMF Working Papers
Volume/Issue:
Volume 1992: Issue 092
Language:
English
Publication Date:
01 Nov 1992
DOI:
https://doi.org/10.5089/9781451851564.001
ISBN:
9781451851564
ISSN:
1018-5941
Pages:
79
Keywords:
WP; price level; price liberalization; saving rate; household income; retail price index; household incomes data; liberalization measure; rate of return; Income; Wages; Real wages; Inflation; Minimum wages; Eastern Europe
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Prices in Russia have been decontrolled in several steps since early 1991, after decades of near-fixity. Their behavior before and after the January 1992 price liberalization is analyzed here, as are the associated movements of wages and overall consumer incomes and expenditures. The emphasis is on developments in the first half of 1992. Comparisons are made with recent experience in Eastern Europe. Evidence on shortages, saving and income distribution is also considered.
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund