The effects of monetary shocks on inflation: high-frequency approach
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11640%2F21%3A00544656" target="_blank" >RIV/00216208:11640/21:00544656 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.32609/0042-8736-2021-6-47-76" target="_blank" >https://doi.org/10.32609/0042-8736-2021-6-47-76</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.32609/0042-8736-2021-6-47-76" target="_blank" >10.32609/0042-8736-2021-6-47-76</a>
Alternative languages
Result language
ruština
Original language name
Modelirovaniye vozdeystviya monetarnykh shokov na inflyatsiyu s pomoshch'yu vysokochastotnogo podkhoda
Original language description
Standartnyye identifikatsii monetarnykh shokov neredko ustupayut vysokochastotnomu podkhodu v ustoychivosti k empiricheskim «zagadkam». Odnako neobkhodimyye dlya nego pominutnyye dannyye ne vsegda dostupny v silu nedostatochnoy likvidnosti protsentnykh f'yuchersov v stranakh s razvivayushchimisya rynkami. V stat'ye predlagayetsya novaya vneshnyaya instrumental'naya peremennaya dlya identifikatsii shokov protsentnoy politiki na osnove dannykh f'yuchers- i spot-kursov valyutnoy pary dollar—rubl'. Proveden analiz effektov monetarnykh shokov na periode upravleniya protsentnymi stavkami 2010—2019 gg. V otlichiye ot predydushchikh rabot, dlya perioda pered krizisom 2014 g. ne obnaruzhena tsenovaya zagadka ili drugiye kontrintuitivnyye s tochki zreniya znaka impul'snyye funktsii otklikov v otvet na uzhestocheniye DKP. Odnako sderzhivayushcheye vozdeystviye protsentnoy politiki na inflyatsiyu dlya perioda povysheniya protsentnykh stavok, vklyuchayushchego krizis 2014—2015 gg., ne vyyavleno, chto svyazano s osobennostyami rascheta instrumenta. V sluchaye isklyucheniya iz analiza krizisnogo perioda kontsa 2014 g. poluchennyye otsenki effektov monetarnykh shokov sootvetstvuyut teoreticheskim predstavleniyam i opytu zarubezhnykh rabot: nablyudayetsya sderzhivayushcheye vozdeystviye na tseny i ekonomicheskuyu aktivnost', snizhayutsya fondovyye indeksy, obyem bankovskogo kreditovaniya i torgovogo balansa, ukreplyayetsya kurs rublya i rastut kreditnyye spredy. Proverka ustoychivosti otsenok k nalichiyu vozmozhnoy nemonetarnoy informatsii v instrumentakh vyyavila ikh robastnost' k peresmotru ozhidaniy otnositel'no osnovnykh makroekonomicheskikh peremennykh (klyuchevoy stavki, inflyatsii, vypuska).
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach<br>I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Voprosy Ekonomiki
ISSN
0042-8736
e-ISSN
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Volume of the periodical
2021
Issue of the periodical within the volume
6
Country of publishing house
RU - RUSSIAN FEDERATION
Number of pages
30
Pages from-to
47-76
UT code for WoS article
000659872500003
EID of the result in the Scopus database
2-s2.0-85126639302