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- W2966477550 abstract "This paper estimates a bivariate econometric model to describe Russia’s real GDP while taking account of the Russian economy’s high dependence on oil prices, monetary policy regime change, and economic growth slowdown. We follow the theory of long-run neutrality of monetary policy and assume that the Bank of Russia’s monetary policy regime change in late 2014 has influenced only the short-run relationship between Russia’s GDP and oil prices, but long-run multiplier is invariant to monetary policy. The paper also attempts to take account of the economic growth slowdown in last decade. The model has demonstrated good forecasting performance." @default.
- W2966477550 created "2019-08-13" @default.
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- W2966477550 date "2019-04-01" @default.
- W2966477550 modified "2023-09-27" @default.
- W2966477550 title "A Bivariate Forecasting Model For Russian GDP Under Structural Changes In Monetary Policy and Long-Term Growth" @default.
- W2966477550 hasPublicationYear "2019" @default.
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