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What such monetary reforms can do is to make possible the use of fractional coins in dispensing machines or metros, which may be the reason behind this move by Boris Yeltsin's government.Although domestic inflation is virtually dead in the former Soviet Union, imported supply-side inflation remains.
The unstable imported supply consumes a significant proportion of the GNP.
But imported supplies must be paid for in hard currency.
Concern about greenhouse gases and reliance on imported oil usually leads to a focus on the supply side of the energy equation, particularly exotic sources such as wind, solar, waves and hydrogen.
But the persistence of high prices has as much to do with conditions within the countries that import oil as it does with OPEC's tinkering on the supply side.
On the supply side, gross domestic energy consumption consists of domestic energy production, plus imports and stocks, minus exports.
The supply side effects of both the nominal interest rate (i.e., the cost channel) and import prices on inflation are very important for the design of monetary policy.
The rigid board symbolises the supply side.
"The supply side is the easy part.
They operate on the supply side.
The supply side is largely unscathed.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com