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Russian Federation: Selected Issues Paper

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  • International Monetary Fund

Abstract

This note focuses on Russia's monetary policy, which is moving toward low and stable inflation. This paper discusses two analytical measures to analyze the monetary policy—core inflation measure and a group of leading indicators model (LIM). The trimmed mean core inflation is a good indicator for analyzing trend inflation and can be used as a viable target for monetary policy. LIMs are widely used for inflation forecasting and are also useful in detecting turning points in inflation.

Suggested Citation

  • International Monetary Fund, 2011. "Russian Federation: Selected Issues Paper," IMF Staff Country Reports 2011/295, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2011/295
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    References listed on IDEAS

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    1. Mr. Douglas Laxton & Susanna Mursula & Mr. Michael Kumhof & Mr. Dirk V Muir, 2010. "The Global Integrated Monetary and Fiscal Model (GIMF) – Theoretical Structure," IMF Working Papers 2010/034, International Monetary Fund.
    2. Blanchard, Olivier J, 1985. "Debt, Deficits, and Finite Horizons," Journal of Political Economy, University of Chicago Press, vol. 93(2), pages 223-247, April.
    3. Mr. David Hauner, 2008. "Macroeconomic Effects of Pension Reform in Russia," IMF Working Papers 2008/201, International Monetary Fund.
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    Cited by:

    1. Simone Auer & Emidio Cocozza & Andrea COlabella, 2016. "The financial systems in Russia and Turkey: recent developments and challenges," Questioni di Economia e Finanza (Occasional Papers) 358, Bank of Italy, Economic Research and International Relations Area.

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