The Influence of the Ruble Real Exchange Rate on the Russian Economy

Boris Brodsky ()
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Boris Brodsky: CEMI RAS, Moscow, Russia

Applied Econometrics, 2006, vol. 4, issue 4, 90-104

Abstract: An econometric study of the influence of the ruble real exchange rate on the Russian economy is considered in the paper. The research, based on a disaggregated macroeconomic model, presents a theoretical description of the three main sectors of the Russian economy. The most important result is that the current ruble real appreciation causes the real output decline in the main sectors of the economy. On the other hand, stable expectations of the ruble real appreciation lead to growth of the economy real output. The conclusions are confirmed by results of an econometric study based on the Engle-Granger cointegration analysis.

Keywords: exchange rate; macroeconomic model (search for similar items in EconPapers)
JEL-codes: E20 F31 (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:apltrx:0152

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