Arbeitspapier
Money demand models for Russia: A sectoral approach
We estimate money demand models for certain monetary aggregates across different institutional sectors (a novelty for the Russian case). Our results comprise a collection of money demand equations that include different combinations of explanatory variables. Comparing the validity of these models on the basis of statistical criteria is virtually implausible. Therefore we suggest the simultaneous employment of a whole set of such models and illustrate the approach by presenting the distribution of monetary overhangs calculated on the basis of the estimated models.
- ISBN
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978-952-6699-58-5
- Sprache
-
Englisch
- Erschienen in
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Series: BOFIT Discussion Papers ; No. 31/2013
- Klassifikation
-
Wirtschaft
Demand for Money
Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
Household Saving; Personal Finance
Firm Behavior: Empirical Analysis
- Thema
-
monetary aggregates
money demand
households
non-financial corporations
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Krupkina, Anna
Ponomarenko, Alexey
- Ereignis
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Veröffentlichung
- (wer)
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Bank of Finland, Institute for Economies in Transition (BOFIT)
- (wo)
-
Helsinki
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:45 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Krupkina, Anna
- Ponomarenko, Alexey
- Bank of Finland, Institute for Economies in Transition (BOFIT)
Entstanden
- 2013