1 Subjects: “...Real wages...”

2 “... would have the largest benefits to reap from reforms. The overall potential GDP gain for the average...”

3 “... and inflation stabilisation. The analysis puts special emphasis on the impact of price and real wage rigidity...”

4 “... of the main seller, Russia, is negatively affected by the real exchange rate appreciation that is induced...”

5 “... of the main permit sellers, such as Russia, is negatively affected by the real exchange rate appreciation...”

6 “... reforms and the behavior of real marginal costs. This significantly alters the consequences of the zero...”