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This paper addresses the issue of economic voting in transitional democracies using data from the Russian federal elections. It argues that the shock of inflation that followed the fundamental economic reform has a lasting influence on voters. Specifically, it shows that in Russia, where inflationary policy led to hyperinflation & the widespread loss of personal savings, the magnitude of savings lost at that time continues to explain a significant portion of the variation in the regional support for the communist party in parliamentary & presidential elections. 9 Tables, 8 Figures, 70 References. Adapted from the source document.