Russian Federation

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451986904
Size: 45.63 MB
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Russian Federation from the Author: International Monetary Fund. The Selected Issues paper and Statistical Appendix analyzes output developments in the Russian Federation since the 1998 crisis. It outlines near-term growth prospects for the economy. The paper highlights that output growth accelerated in 1999 and the first half of 2000, but has slowed since then. The initial output recovery was led by import substitution as a result of the large exchange rate depreciation in 1998. One finding in the context of an overall policy package is that the real exchange rate and oil prices were the main determinants of growth after the 1998 crisis.

Russian Federation Selected Issues

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1498358810
Size: 44.66 MB
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Russian Federation Selected Issues from the Author: International Monetary Fund. European Dept.. This Selected Issues paper estimates potential output and the output gap in Russia. Estimating potential output in Russia is difficult because its economy is large and complex, in transition, and dependent on oil. First, Russia presents large territorial and sectoral heterogeneity. Second, structural issues are difficult to estimate in transition economies. Third, the energy sector dominates exports and GDP, making Russia vulnerable to large terms of trade shocks. This paper estimates potential output taking into account these challenges and using a variety of methodologies. The results obtained show that the output gap in Russia exhibits high uncertainty.

Romania Selected Issues And Statistical Appendix

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN:
Size: 19.62 MB
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Romania Selected Issues And Statistical Appendix from the Author: International Monetary Fund. This Selected Issues and Statistical Appendix paper assesses Romania’s external competitiveness by reviewing recent developments in a range of standard indicators and estimating equilibrium real exchange rates. The results suggest that, although Romania’s historical cost advantage vis-à-vis trading partners has eroded since end-2004, on account of a strong real exchange rate appreciation, some undervaluation still remains. Furthermore, evidence suggests that the recent weak output and export performance in some of the traditional exporting sectors mainly reflects the transition toward higher value-added products.

Russia Selected Issues

Author: International Monetary International Monetary Fund
Publisher: International Monetary Fund
ISBN:
Size: 80.25 MB
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Russia Selected Issues from the Author: International Monetary International Monetary Fund.

Russian Federation

Author: Jonathan Anderson
Publisher: International Monetary Fund
ISBN:
Size: 15.94 MB
Format: PDF, Docs
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Russian Federation from the Author: Jonathan Anderson. This report on Selected Issues was prepared by staff from the International Monetary Fund as background documentation for the periodic consultation with the Russian Federation. The single issue selected is the recovery in output and public finances. Tables give economic and financial statistics. Annexes cover: Russia's growth performance 1991-97; fiscal adjustment after the crisis; changes in the exchange system 1999-2000; changes in the external trade regime 1999-2000.