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Exchange Rate Pass-through in Russia
https://doi.org/10.32609/0042-8736-2014-3-21-35
Abstract
The article provides estimates of short-run and medium-run exchange rate pass-through in Russia during the period of 2000-2012 using vector error correction model. Estimates of asymmetry of exchange rate pass-through, its assessments in different sub-periods and exchange rate volatility effect are also presented.
Keywords
exchange rate pass-through,
asymmetric exchange rate pass-through,
exchange rate volatility,
inflation,
monetary policy,
vector error correction model
JEL: C32, E31, E52, F31, F41
About the Authors
Y. Ponomarev
Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia); Gaidar Institute for Economic Policy (Moscow, Russia)
Russian Federation
Russian Federation
P. Trunin
Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia); Gaidar Institute for Economic Policy (Moscow, Russia)
Russian Federation
Russian Federation
A. Ulyukayev
Ministry of Economic Development of RF (Moscow, Russia)
Russian Federation
Russian Federation
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Review
For citations:
Ponomarev Y., Trunin P., Ulyukayev A. Exchange Rate Pass-through in Russia. Voprosy Ekonomiki. 2014;(3):21-35. (In Russ.) https://doi.org/10.32609/0042-8736-2014-3-21-35
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