Monetary Policy in Russia: Identifying exchange rate shocks

Economic Modelling

Volumn 27, Issue 1, 2010, Pages 432-444

  Granville, Brigitte ^a   Mallick, Sushanta ^a  

^a QUEEN MARY UNIVERSITY OF LONDON   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 71149087123     PISSN: 02649993     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.econmod.2009.10.010     Document Type: Article

References (33)

1. Ball L., and Sheridan N. Does Inflation Targeting Matter?. In: Bernanke B., and Woodford M. (Eds). The Inflation-Targeting Debate (2005), University of Chicago Press, Chicago 249-282
2. Bauer C., and Herz B. Credibility of CIS Exchange Rate Policies - a Technical Trader's View. Emerging Markets Review 8 1 (2007) 50-66
3. Basdevant O., and Hall S.G. The 1998 Russian Crisis: Could the Exchange Rate Volatility have Predicted it?. Journal of Policy Modeling 24 2 (2002) 151-168
4. Choudhry T. Another Visit to the Cagan Model of Money Demand: The latest Russian Experience. Journal of International Money and Finance 17 2 (1998) 355-376
5. Cotarelli C., and Doyle P. Disinflation in Transition 1993-1997. (1999), IMF Occasional Paper, No 179
6. Domaç I., and Yücel E.M. What Triggers Inflation in Emerging Market Economies?. Review of World Economics 141 1 (2005) 141-164
7. Erceg C., and Levin A. Imperfect credibility and inflation persistence. Journal of Monetary Economics 50 4 (2003) 915-944
8. Esanov A., Merkl C., and Vinhas de Souza L. Monetary Policy Rules for Russia. Journal of Comparative Economics 33 3 (2005) 484-499
9. Ferguson N., and Granville B. Weimar on the Volga: Causes and Consequences of Inflation in 1990s Russia Compared with 1920s Germany. Journal of Economic History 60 4 (2000) 1061-1087
10. Frankel J., and Taylor M.P. Money Demand and Inflation in Yugoslavia, 1980-89. Journal of Macroeconomics 15 (1993) 455-481
11. Giannoni M.P., and Woodford M. Optimal Inflation-Targeting Rules. In: Bernanke B., and Woodford M. (Eds). The Inflation-targeting debate. National Bureau of Economic Research, Studies in Business Cycles 32 (2005), The University of Chicago Press, Chicago 93-172
12. Gibson J., Stillman S., and Le T. CPI bias and Real Living Standards in Russia during the Transition (2004) William Davidson Institute Working Paper 684(May)
13. Granger C.W.J. Developments in the study of cointegrated economic variables. Oxford Bulletin of Economics and Statistics 48 (1986) 213-228
14. Granville B. The Success of Russian Economic Reforms published by RIIA distributed by Brookings (1995)
15. Granville B. The Problem of Monetary Stabilisation. In: Granville B., and Oppenheimer P. (Eds). Russia's Post-Communist Economy (2001), Oxford University Press, Oxford 93-130
16. Granville B., and Mallick S. Does Inflation or Currency Depreciation Drive Monetary Policy in Russia?. Research in International Business and Finance 20 2 (2006) 163-179
17. Johansen S. Statistical analysis of cointegrating vectors. Journal of Economic Dynamics and Control 12 (1988) 231-254
18. Keller P.M., and Richardson T. Nominal Anchors in the CIS (2003) IMF Working Paper WP/03/179
19. Kutan A.M., and Brada J.C. The Evolution of Monetary Policy in Transition Economies. Review, The Federal Reserve Bank of St. Louis vol. 82 (2) (2000) 31-40 March/April 2000
20. MacKinnon J.G., Haug A.A., and Michelis L. Numerical distribution functions of likelihood ratio tests for cointegration. Journal of Applied Econometrics 14 (1999) 563-577
21. Molodtsova T., Nikolsko-Rzhevskyy A., and Papell D.H. Taylor rules with real-time data: A tale of two countries and one exchange rate. Journal of Monetary Economics 55 1 (2008) S63-S79
22. Oomes N., and Ohnsorge F. Money demand and inflation in dollarized economies: The case of Russia. Journal of Comparative Economics 33 3 (2005) 462-483
23. Papazoglou C., and Pentecost E. The Dynamic Adjustment of a Transition Economy in the Early Stages of Transformation. Journal of Macroeconomics 26 3 (2004) 547-561
24. Pesaran H.H., and Shin Y. Generalized Impulse Response Analysis in Linear Multivariate Models. Economics Letters 58 (1998) 17-29
25. Phylaktis K., and Taylor M.P. Money Demand, the Cagan Model and the Inflation Tax: Some Latin American Evidence. The Review of Economics and Statistics 75 1 (1993) 32-37
26. Sargent T., and Wallace N. Some unpleasant monetarist arithmetic. Federal Reserve Bank of Minneapolis Quarterly Review 5 3 (1981) 1-17
27. Starr M.A. Does money matter in the CIS? Effects of monetary policy on output and prices. Journal of Comparative Economics 33 (2005) 441-461
28. Taylor J.B. The Role of the exchange Rate in monetary policy rules. The American Economic Review, Papers and Proceedings 91 2 (2001) 263-267
29. Taylor M.P. The Hyperinflation model of money demand revisited. Journal of Money, Credit, and Banking 23 (1991) 327-351
30. Uhlig H. What are the effects of monetary policy on output? Results from an agnostic identification procedure. Journal of Monetary Economics 52 2 (2005) 381-419
31. Vdovichenko A.G., and Voronina V.G. Monetary policy rules and their application in Russia. Research in International Business and Finance 20 2 (2006) 145-162
32. Vinhas de Souza L. Estimating the Bank Lending Channel in Russia. Bank and Credit 9 (2006) 3-13
33. Wynne M.A., and Kersting E.K. Openness and Inflation. Staff Papers Federal Reserve Bank of Dallas (2007) 2 April