Russian Economy Shows Greater Price Flexibility Than Expected, Impacting Monetary Policy.
The article examines how flexible prices are in the Russian economy. Researchers looked at different models and methods to measure price rigidity, using both micro and macroeconomic data. They found that food prices stay the same for about 2.6 months on average. The study also showed that overall prices in Russia change every 4.5 months, which is shorter than previously thought.