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Impact Of Monetary Policy On Investment And Issue In Industries With Different Price Rigidity
[Влияние Монетарной Политики На Инвестиции И Выпуск В Отраслях С Различной Жесткостью Цен]

Author

Listed:
  • Alexandra Bozhechkova

    (Russian Presidential Academy of National Economy and Public Administration)

  • Dobronravova Elizaveta

    (Russian Presidential Academy of National Economy and Public Administration)

  • Alexey Evseev

    (Russian Presidential Academy of National Economy and Public Administration)

  • Ishakova Farida

    (Russian Presidential Academy of National Economy and Public Administration)

  • Pavel Trunin

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

In this paper we estimate the degree of producer price rigidity in the Russian economy and identify the response of various industries to monetary policy shocks, taking into account the heterogeneity of the rigidity parameter. The first part of the paper reviews theoretical approaches to modeling producer price rigidity, including models in which price revisions depend either only on time, or only on the state of the economy, as well as a hybrid pricing model.

Suggested Citation

  • Alexandra Bozhechkova & Dobronravova Elizaveta & Alexey Evseev & Ishakova Farida & Pavel Trunin, 2021. "Impact Of Monetary Policy On Investment And Issue In Industries With Different Price Rigidity [Влияние Монетарной Политики На Инвестиции И Выпуск В Отраслях С Различной Жесткостью Цен]," Working Papers s21100, Russian Presidential Academy of National Economy and Public Administration.
    • Handle: RePEc:rnp:wpaper:s21100
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    Keywords

    monetary policy; investments; comparative analysis;
    All these keywords.

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