The role of oil prices and the real exchange rate in Russia's economy-a cointegration approach
Article Abstract:
The effect of international oil prices and the real exchange rate on the Russian economy and its fiscal policy is studied, using vector auto regressive (VAR) modeling and cointegration techniques. The results indicate that the Russian economy is greatly influenced by fluctuations in oil prices and the real exchange rate through both long-run equilibrium conditions and short-run direct impacts.
Publication Name: Journal of Comparative Economics
Subject: Economics
ISSN: 0147-5967
Year: 2004
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Does money matter in the CIS? Effects of monetary policy on output and prices
Article Abstract:
The real effects of monetary policies on the output and prices in transition economies with reference to the economic policies of Russia and other CIS (Commonwealth of Independent States) countries is examined by using time-series method
Publication Name: Journal of Comparative Economics
Subject: Economics
ISSN: 0147-5967
Year: 2005
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Money demand and inflation in dollarized economies: the case of Russia
Article Abstract:
A test to show that a stable money demand function can be found by using effective broad money, by including an estimate of foreign cash holdings with reference to the economy of Russia is presented.
Publication Name: Journal of Comparative Economics
Subject: Economics
ISSN: 0147-5967
Year: 2005
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