Price Liberalization in Russia: The Early Record

Author/Editor:

Vincent Koen ; Steven T Phillips

Publication Date:

November 1, 1992

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

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.

Series:

Working Paper No. 1992/092

Subject:

Income Inflation Labor Minimum wages National accounts Prices Real wages Wages

English

Publication Date:

November 1, 1992

ISBN/ISSN:

9781451851564/1018-5941

Stock No:

WPIEA0921992

Pages:

79

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