The impact of oil price dynamics on the macroeconomic indicators of the Russian economy
AbstractThe paper assesses the dependence of basic macroeconomic indicators of the Russian economy on the oil price dynamics on the world market. Hypotheses about the sensitivity of macroeconomic indicators of the Russian economy to oil price fluctuations are formulated, and a simultaneous equations system is specified and estimated in order to test these hypotheses. The scenarios of reaction of the Russian economy to exogenous shocks related to sharp oil price cuts are investigated, and policy recommendations aimed to minimize the negative impact of these shocks are formulated
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Bibliographic InfoArticle provided by Publishing House "SINERGIA PRESS" in its journal Applied Econometrics.
Volume (Year): 17 (2010)
Issue (Month): 1 ()
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Web page: http://appliedeconometrics.cemi.rssi.ru/
Oil price dynamics; macroeconomic indicators of the Russian economy; simultaneous equations systems;
Find related papers by JEL classification:
- C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
- E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
- F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation: Models and Applications
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jouko Rautava, 2002.
"The role of oil prices and the real exchange rate in Russia‘s economy,"
- Rautava, Jouko, 2002. "The role of oil prices and the real exchange rate in Russia's economy," BOFIT Discussion Papers 3/2002, Bank of Finland, Institute for Economies in Transition.
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