Stabilization and Structural Change in Russia, 1992-94

Preprint
Publisher Website
Google Scholar
    • preprint
      • Published in RePEc
Abstract
Macroeconomic stabilization and structural reforms in Russia since 1992 have been proceeding in a rather chaotic fashion. The Russian variety of economic gradualism has seen a sharp decline in output, though less than indicated by official statistics, and relatively resilient household consumption. Hyperinflation has been avoided so far by tightened financial policies, but remains a threat. Conventional macroeconomic wisdom on the relation between money, prices and output is relevant for Russia. Moreover, stabilization and structural change interact and are mutually reinforcing.
All Related Versions

This publication has 0 references indexed in Scilit: