01706cas a2200241 a 4500 AALejournalIMF014505 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498336765 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Russian Federation : Selected Issues. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (19 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2014/176 Full text available on IMF http://elibrary.imf.org/view/journals/002/2014/176/002.2014.issue-176-en.xml IMF e-Library