Price Liberalization in Russia: Behavior of Prices, Household Incomes, and Consumption During the First Year

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Price Liberalization in Russia: Behavior of Prices, Household Incomes, and Consumption During the First Year by Steven Mr. Phillips, Vincent Mr. Koen, INTERNATIONAL MONETARY FUND
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Author: Steven Mr. Phillips, Vincent Mr. Koen ISBN: 9781452775203
Publisher: INTERNATIONAL MONETARY FUND Publication: March 15, 1993
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Steven Mr. Phillips, Vincent Mr. Koen
ISBN: 9781452775203
Publisher: INTERNATIONAL MONETARY FUND
Publication: March 15, 1993
Imprint: INTERNATIONAL MONETARY FUND
Language: English

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 before and after the January 1992 price liberalization, with emphasis on developments during 1992, and with focus on households more than on enterprises. Comparisons are made with recent experience in Central and Eastern Europe, along with consideration of evidence on shortages and income distribution.

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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 before and after the January 1992 price liberalization, with emphasis on developments during 1992, and with focus on households more than on enterprises. Comparisons are made with recent experience in Central and Eastern Europe, along with consideration of evidence on shortages and income distribution.

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