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Modeling monetary demand in the Russian economy over 1999–2008

Author

Listed:
  • Sergey Drobyshevsky

    (Gaidar Institute for Economic Policy)

  • G.Kuzmicheva

    (Gaidar Institute for Economic Policy)

  • Elena Sinelnikova

    (Gaidar Institute for Economic Policy)

  • Pavel Trunin

    (Gaidar Institute for Economic Policy)

Abstract

The study is dedicated to the search of the factors affecting monetary demand in Russia, and the analysis of the achieved stability level in monetary demand. The analysis of the monetary demand in Russia is made with the help of dynamic least-squares method, allowing to obtain statistically adequate estimates from relatively small sampling observations. Analysis of the core inflation indicators in the RF demonstrates an explicit monetary nature of inflation in the Russian economy.

Suggested Citation

  • Sergey Drobyshevsky & G.Kuzmicheva & Elena Sinelnikova & Pavel Trunin, 2010. "Modeling monetary demand in the Russian economy over 1999–2008," Research Paper Series, Gaidar Institute for Economic Policy, issue 136P.
    • Handle: RePEc:gai:rpaper:84
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    References listed on IDEAS

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    More about this item

    Keywords

    monetary demand; Russia;

    JEL classification:

    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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