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- W360368178 abstract "The authors analyze the Russian monetary policy in 2004-2012. They present a model that describes short run nonlinear monetary dynamics inducing the balance of payments and policy shocks. Central Bank's international reserves are considered as the key factor of monetary and exchange rate stabilization using ad hoc monetary rule. Empirical analysis of the model is carried out with Bayesian techniques. Estimation measures the difference in Central Bank's preferences in crisis and postcrisis periods." @default.
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- W360368178 date "2014-01-01" @default.
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- W360368178 title "Monetary Stabilization: Modeling and Estimation for Russian Economy in 2004-2012" @default.
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