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Analysis of Transmission Mechanisms of Money and Credit Policy in Russia's Economy

Sergey Drobyshevsky, Pavel Trunin and M. Kamenskikh
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M. Kamenskikh: Gaidar Institute for Economic Policy

Research Paper Series, 2008, issue 116P

Abstract: This paper is about the study of mechanisms of money transmission in Russia's economy based on the econometric analysis of macrodata as well as on the data about commercial banks balances. The authors demonstrated that for the last several years the channel of bank credit and the channel of household wealth played important role. This fact reflects an increased importance of the banking system in funding the real sector and in forming consumption demand.

Keywords: Transmission Mechanism; Money Policy; Credit Policy (search for similar items in EconPapers)
JEL-codes: C32 C33 E52 E58 (search for similar items in EconPapers)
Date: 2008
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