2007•Voprosy EkonomikiRequires access

Inflation: Recent Trends in Russia and in the World

A. Kudrin

Abstract

The article considers theoretical and methodological reasons for maintaining the consistently low rate of inflation. Basing upon the results of empirical research, monetary policy in Russia is analyzed for 1992-2007. The author estimates the influence of monetary and non-monetary factors on inflation in the given period. The measures of anti-inflationary policy in the world are generalized and the policy prescriptions for Russia are introduced.

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Key concepts: Economics, Inflation (cosmology), Monetary policy, Macroeconomics, Inflation targeting, Monetary economics, Inflation rate, Keynesian economics