Theoretical Approaches to Inflation Expectation Management Justification in Today’s Russia

Abstract

Inflation expectations significantly influence economic environment. During the past decades there was high and unstable inflation and systematic excess and mismatch between actual inflation and official forecasts in Russia. At present economic agents have low level of trust in official inflation forecasts. The subject of the research are inflation expectations in Russia. The aim of the research is to justify the possibility of inflation expectation management provision in Russia. The article shows that currently, nowadays inflation expectations are predominantly adaptive in Russia. Nevertheless, inflation reduction and stabilization in 2011-2013 can become the basis for inflation expectations anchor provision and perceived inflation uncertainty minimization.